Presentation
Presentation: 2025-2029 Financial Plan Bylaw No. 1153, 2025
May 6, 2025Pages 157–1592 sections
Slideshow summary of the proposed financial plan, detailing amendments and the impact on property taxes.
Final taxation increase: 7.06%April 8, 2025 status quo was 11.25%Recommendation for first, second, and third readings
TOWN OF VIEW ROYAL
2025-2029 Financial Plan Bylaw No. 1153, 2025
May 6, 2025
Page 157–159
Purpose: To consider the 2025-2029 Financial Plan Bylaw No. 1153, 2025 = 7.06%
- Prior to May 15, prior to the Tax Rate Bylaw
- April 8, 2025 – Proposed budget w/ status quo service levels = 11.25%
- Amendments to proposed budget (bold = impact to property taxes):
| Item | Change Description | Year | $ Change | Funding |
|---|---|---|---|---|
| Permits and licensing portal (N-130) | Tabled until such time as Council has considered an options analysis report | 2025 | ($40,000) | Casino revenue |
| Permits and licensing portal (C-185) | Tabled until such time as Council has considered an options analysis report | 2026 | ($50,000) | Casino revenue |
| Island Highway and Prince Robert Drive realignment (C-175) | Moved from 2025 to 2026 | 2025 | ($310,000) | Capital Works and Land reserve/DCCs |
| Traffic Count Data Collection – Various Neighbourhoods (N-126) | Removed from the 2025-2029 Financial Plan | 2026 | ($25,000) | Casino revenue |
| Accessibility – Council Chambers exterior ramp (C-188) | Deferred to 2026 due to its connection to the Parks Shed Electrification Upgrade (C-191) capital project identified for 2026 | 2025 | ($15,000) | Casino revenue (Grant if available and approved) |
| Transfer from prior year surplus (00500) | To reduce the taxation increase on a representative home from 11.25% to 9.8% | 2025 | $175,004 | Prior year surplus |
| Crossing Guard Program | Addition to core operating | 2025 | $45,565 | Casino revenue |
| Curb and sidewalk replacement - Helm. Eagle Cr. To Burnside (C-054) | Remove per Council motion March 18th | 2025 | ($225,000) | DCCs, Community Works Fund |
| Boulevard Maintenance Contract (03300) | THAT the Town undertake a public competitive process for its Boulevard Maintenance Contract targeting an annual cost of $400,000 and the current level of service | 2025 | ($331,091) | Taxation revenue |
RECOMMENDATION:
- THAT Financial Plan Bylaw No. 1153, 2025 a bylaw to authorize the financial plan for the years 2025-2029, be introduced and given first, second, and third readings.
Page 157–159
Document Images
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Related Documents
(1)Extracted from: 2025 05 06 Council Agenda - Agenda - Pdf