The City strives to maintain quality programs and services for citizens and keep taxes affordable for our businesses and households.
Annually the City updates the 5-year Financial Plan and the 10-year Project Plan, balancing changing needs and priorities within the community.
The Final 2021 – 2025 Financial Plan was adopted by Council on May 10, 2021. The budget reflects decisions made by Council during the budget review process in the Fall of 2020 and the Spring of 2021.
The Financial Plan includes a number of initiatives to support Council priorities and enhance service levels:
Governance Excellence, Livability and Economic Health
- Enhancements to Public Safety:
- 15 new RCMP members, three per year over a five-year period, 2020 – 2024.
- Additional $400,000 in 2021 to support expanded security to the entire downtown area.
- $50,000 to develop a Public Safety Action Plan.
- Two new support positions in Police Services.
- Extension of Community Connect Pilot to June 30, 2021.
- Extension of the Community Clean Team to December 31, 2021 to support a collaborative approach to effectively and efficiently maintaining the orderliness and cleanliness of the City’s public spaces.
- Allocation of $480,000/year for 2021 – 2025 to support recommendations and initiatives in the Health and Housing Action Plan.
Governance Excellence and Economic Health
- Implementation of recommendations from Building Permit Function Review to ensure effective service delivery.
- Continuation of the multi-year project to replace Fire Station #1.
- Investment of over $14 million in the next 5 years in cycling and pedestrian amenities.
- Addition of a Manager of Sustainability to provide greater focus on climate action and energy efficiency initiatives.
- New Annual Watercourse Restoration Grant program to support environmental stewardship volunteers.
Read the 2021-25 Financial Plan Quick Facts for highlights of the Final 2021 – 2025 Financial Plan.
Read the 2021 - 2025 Financial Plan for an overview of the plan
Departmental Business Plans and Business Cases
During the Fall of 2020 departments presented to Council their Departmental Business Plans* and Business Cases.
Chief Administrator's Office Business Plan
Human Resources Business Plan
Legislative Service and Communications Business Plan
Records and Information Specialist
Finance Business Plan
Information Technology Business Plan
Emergency Management Business Plan
Police Services Business Plan
Corporate Asset Management System
Digital Forensic Technician
Major Case File Specialist
Mental Health Outreach Team
Community Development Business Plan
Development Approvals Business Plan
Community Environmental Restoration Grant Program
Indigenous Engagement Specialist
Manager of Social Planning
Manager of Sustainability
Municipal Enforcement Officers Hours
Engineering and Public Works:
Engineering Business Plan
Public Works Business Plan
Community Clean Team
Municipal Services Inspector
Parks, Recreation and Culture:
Culture Business Plan
Facility and Parks Operations Business Plan
Recreation Business Plan
Nanaimo Fire Rescue:
Nanaimo Fire Rescue Business Plan
RCMP Business Plan
*Financial information is based on Draft 2021 – 2025 Financial Plan
Upcoming Budget Sessions:
To be announced in the Fall of 2021 for the 2022 - 2025 Financial Plan
Annual Financial Plans
The City’s integrated planning framework is comprised of separate but complementary planning processes. These processes support alignment and integration of resources and activities to achieve the strategic goals and priorities set by Council.
In compliance with the Community Charter, the Financial Plan is developed through public consultation and Council direction. Prior to May 15th each year, Council must adopt both a Five Year Financial Plan bylaw and a Property Tax Rates bylaw.
2019 – 2022 Strategic Plan
In early 2019, Council developed and adopted the 2019 - 2022 Strategic Plan. The Strategic Plan has four strategic themes and ten focus areas, which set out Council priorities and will guide Council decision making and the Financial Plan over the Council term.
The four strategic themes for the plan are:
- Governance Excellence
- Environmental Responsibility
- Economic Health
20-Year Investment Plan
On April 5, 2017, staff presented a 20-Year Infrastructure Investment Plan to Council. The plan included projected investment required over the next twenty years for current infrastructure renewal, for new/upgraded infrastructure required due to growth and for specific investment.
Development of the City's first 20 Year Infrastructure Investment Plan was led by the City's Asset Management Steering Committee and included input from the DCC Review Committee. Both committees have representation from across the organization including engineering, development, facilities, IT and finance disciplines.
The 20 Year Infrastructure Investment Plan identified a projected infrastructure investment need of $1.1 billion with current funding strategies providing $794 million. The total potential funding gap is $258 million. The gap is comprised of a funding shortfall of $117 million in development contribution charges for new and upgraded infrastructure required due to growth and $141 million for infrastructure renewal funded from general revenues and reserves. Council approved the following recommendations to close the funding gap:
- Continuation of 1% annual increase to property taxes to 2022 for contributions to the General Asset Management Fund Reserve
- Completion of the DCC Review and adoption of new rates bylaw
- Continued development of the City's asset management capacity
The new DCC rate bylaw was adopted in the Spring of 2018. The City's Asset Management Steering Committee is currently leading several key initiatives.
Read the 20-Year Investment Plan.
Citizens have an opportunity to provide their input and engage in budget discussions once a Draft Financial Plan is presented to Council. Here is how:
- Attend Council and Finance and Audit Committee Meetings on Budget discussions
- Participate in the annual eTown Hall Meeting to discuss the City of Nanaimo's annual budget
Past Financial Plans
2020 – 2024 Financial Plan
2020-2024 Financial Plan QuickFacts
2020 - 2024 Financial Plan
2019 - 2023 Financial Plan
2019-2023 Financial Plan Quick Facts
Final Budget in Brief
2018 - 2022 Financial Plan
2018-2022 Financial Plan Quick Facts