Kelowna Council to review 2016 budget

The final tax rate will be set on April 25, 2016 when City Council reviews final budget requests.

  • Dec. 10, 2015 6:00 p.m.

Kelowna City Council will receive an overview presentation of the 2016 Financial Plan at the Dec. 14 regular meeting, where staff will recommend a 4.11 per cent tax increase. Deliberation of the provisional plan will take place during an all-day public meeting Thursday, Dec. 17.

The City of Kelowna invites residents to review the provisional 2016 Financial Plan at kelowna.ca/budget, follow along with the deliberations on Twitter using hashtag #KelownaBudget and listen in via Castanet’s Kelowna Council Audio.

Every year presents its own budget challenges and difficult decisions. This year, the City budget focuses on innovation, finding new ways to generate revenue and supporting core services; foundational support that may not be as visible as major construction projects, but just as important.

“There are a number of commitments from previous years as well as contractual obligations that impact this year’s budget,” says Genelle Davidson, Director of Financial Services. “Approximately 86 per cent of this year’s tax demand consist of things like the Police Services building project, annual salaries for the six new RCMP members hired in 2015 and employment contracts.”

Approximately two-thirds of City revenue comes from non-tax sources, such as user fees & charges, grants and reserve accounts.

The budget is also influenced by a number of strategic plans, including the long-term infrastructure plans, the Official Community Plan, 20-year Servicing Plan and Council Priorities.

The final tax rate will be set on April 25, 2016 when City Council reviews final budget requests.

To take a deeper look inside the City budget process, visit kelowna.ca/budget, sign up for e-updates and follow the conversation on Twitter using the hashtag #KelownaBudget.

Kelowna Capital News