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Budget

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2024 Budget

The Draft 2024-2028 Financial Plan is available for public review and will be considered by Council at a Budget Committee meeting beginning at 9:00 a.m. on Friday, March 22, 2024 in the Council Chambers at the North Saanich Municipal Hall.

The draft budget is designed to maintain or enhance existing levels of service to taxpayers, and support Council’s strategic goals. It includes a proposed general tax increase of 7.80%, which represents approximately $122 per year (just over $10 per month) for the average residence valued at $1,421,000.

The proposed increase is a starting point for upcoming budget deliberations by Council. The starting figure includes supplemental requests for new or improved service levels and initiatives that have not yet been approved by Council.

Some of the key factors behind the proposed increase are:

  • Ongoing and cumulative impacts of inflation;
  • Labour related costs associated with current collective agreements;
  • Increased investment in public safety services provided by the North Saanich Fire Department and RCMP;
  • Costs of transitioning back to full taxation levels following the utilization of COVID Safe Restart grant funding; and
  • Re-establishing a financial strategy of increasing tax funded reserve contributions annually by 1% to address infrastructure replacement needs.

Members of the public are invited to review and provide feedback on the draft budget. Information about the budgeting process. Feedback can be submitted by writing to corporateservices@northsaanich.ca or by speaking at an upcoming Committee meeting.

Budget Schedule

  • Early March– Draft 2024 Budget available for public review and feedback
  • Mid-March – Budget Committee Meetings to review the draft Budget
  • March/April – Additional Budget Committee Meetings (as needed)
  • Early May – Adoption of the Five Year Financial Plan Bylaw, Tax Rate Bylaw, Utility Rate Bylaw and Parcel Tax Bylaws

Documents

NOTE: Property Tax notices are prepared after the financial plan and tax rate bylaws are adopted by Council. Read more about property tax on our Property Tax web page.

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