Multi-Year Budget

Share on Facebook Share on Twitter Share on Linkedin Email this link
2024 to 2027 Multi-Year Budget


2024 to 2027 Budget Process

Earlier in 2023, City Council approved the 2023-2027 Strategic Plan. This plan identifies the shared vision, mission and priorities that will guide the City's next five years.

Throughout the spring and summer of 2023, the City's Service Areas have been developing their budgets. This involves building their existing budgets outward into the 2024-2027 period (the period covered under the Multi-Year Budget) and producing business cases that reflect proposed changes to current services to align with the priorities identified in the Strategic Plan.

The next step is for these Service Area draft budgets to be released at a Strategic Priorities and Policy Committee (SPPC) meeting later this year. SPPC is a standing committee comprised of the Mayor and all Council members.

After the draft budgets are released, there is time allowed for review, and then a Public Participation Meeting (PPM) is held at SPPC to hear delegations from the public related to the budget. During this time, residents are also able to connect with their Ward Councillors to offer feedback. SPPC takes this feedback into consideration as they then begin deliberations.

Deliberation meetings are held as needed until SPPC completes its review of all items in the budgets. When this review is complete, a second PPM is held - another opportunity for residents to provide feedback before the budgets are then brought forward to a City Council meeting, at which point they are approved and brought into effect.


2024 to 2027 Budget Timetable

December 12, 2023 - 4 p.m. at SPPC - Draft Budget Release of the Property Tax, Water, and Wastewater & Treatment Budgets

January 31, 2024 - 4 p.m. at SPPC - Budget Public Participation Meeting #1

February 1, 2024 - 9:30 a.m. at SPPC - Budget Deliberations

February 2, 2024 - 9:30 a.m. at SPPC - Budget Deliberations (as needed)

February 8, 2024 - 9:30 a.m. at SPPC - Budget Deliberations (as needed)

February 9, 2024 - 9:30 a.m. at SPPC - Budget Deliberations (as needed)

February 15, 2024 - 9:30 a.m. at SPPC - Budget Deliberations (as needed)

February 16, 2024 - 9:30 a.m. at SPPC - Budget Deliberations (as needed)

February 22, 2024 - 9:30 a.m. at SPPC - Budget Deliberations (as needed)

February 23, 2024 - 9:30 a.m. at SPPC - Budget Deliberations (as needed)

February 27, 2024 - 1:00 p.m. at SPPC - Budget Public Participation Meeting #2

March 5, 2024 - 1:00 p.m. at Council - Property Tax, Water, Wastewater & Treatment Budgets Approval


**Dates and times of further public engagement opportunities will be posted as they become finalized.



Click the Subscribe button on this page to stay informed with the Multi-Year Budget (MYB)

The MYB sets the stage for the next four years of providing funding for the services and infrastructure that our residents rely on, and use and benefit from. It's the tool that puts Council's Strategic Plan into action.


Ask questions about the budget process

Ask our Finance Supports team any questions you may have about the budget process. Scroll down to the bottom of this page, and use the "Questions" tab!



2024 to 2027 Budget Process

Earlier in 2023, City Council approved the 2023-2027 Strategic Plan. This plan identifies the shared vision, mission and priorities that will guide the City's next five years.

Throughout the spring and summer of 2023, the City's Service Areas have been developing their budgets. This involves building their existing budgets outward into the 2024-2027 period (the period covered under the Multi-Year Budget) and producing business cases that reflect proposed changes to current services to align with the priorities identified in the Strategic Plan.

The next step is for these Service Area draft budgets to be released at a Strategic Priorities and Policy Committee (SPPC) meeting later this year. SPPC is a standing committee comprised of the Mayor and all Council members.

After the draft budgets are released, there is time allowed for review, and then a Public Participation Meeting (PPM) is held at SPPC to hear delegations from the public related to the budget. During this time, residents are also able to connect with their Ward Councillors to offer feedback. SPPC takes this feedback into consideration as they then begin deliberations.

Deliberation meetings are held as needed until SPPC completes its review of all items in the budgets. When this review is complete, a second PPM is held - another opportunity for residents to provide feedback before the budgets are then brought forward to a City Council meeting, at which point they are approved and brought into effect.


2024 to 2027 Budget Timetable

December 12, 2023 - 4 p.m. at SPPC - Draft Budget Release of the Property Tax, Water, and Wastewater & Treatment Budgets

January 31, 2024 - 4 p.m. at SPPC - Budget Public Participation Meeting #1

February 1, 2024 - 9:30 a.m. at SPPC - Budget Deliberations

February 2, 2024 - 9:30 a.m. at SPPC - Budget Deliberations (as needed)

February 8, 2024 - 9:30 a.m. at SPPC - Budget Deliberations (as needed)

February 9, 2024 - 9:30 a.m. at SPPC - Budget Deliberations (as needed)

February 15, 2024 - 9:30 a.m. at SPPC - Budget Deliberations (as needed)

February 16, 2024 - 9:30 a.m. at SPPC - Budget Deliberations (as needed)

February 22, 2024 - 9:30 a.m. at SPPC - Budget Deliberations (as needed)

February 23, 2024 - 9:30 a.m. at SPPC - Budget Deliberations (as needed)

February 27, 2024 - 1:00 p.m. at SPPC - Budget Public Participation Meeting #2

March 5, 2024 - 1:00 p.m. at Council - Property Tax, Water, Wastewater & Treatment Budgets Approval


**Dates and times of further public engagement opportunities will be posted as they become finalized.



Click the Subscribe button on this page to stay informed with the Multi-Year Budget (MYB)

The MYB sets the stage for the next four years of providing funding for the services and infrastructure that our residents rely on, and use and benefit from. It's the tool that puts Council's Strategic Plan into action.


Ask questions about the budget process

Ask our Finance Supports team any questions you may have about the budget process. Scroll down to the bottom of this page, and use the "Questions" tab!


Page last updated: 15 Sep 2023, 06:53 AM