2020-2024 Financial Plan (Budget)

Our 2020-2024 Financial Plan contains our operating and capital budget, highlights of our work program, and the proposed tax increase for 2020.

Core services, such as public safety, transportation and recreation, and investments in new infrastructure and renewal of the existing built environment are primarily funded by your tax dollars.

Download the approved 2020-2024 Financial Plan

The Financial Plan and the COVID-19 pandemic

Council approved the 2020-2024 Financial Plan in April 2020, after community consultation and Council deliberation in March.

Council has directed staff to establish a framework to amend the approved Financial Plan where required as the full impacts of the pandemic on businesses, residents, and the municipality become more apparent in the coming months.

In recognition of economic hardship due to COVID-19, Council has approved a reduction in the 2020 tax levy from its established 3% increase, to just 2%. This change is reflected on your 2020 property tax notice.

Despite expected adjustments in the future, Council's core priorities remain unchanged:

  • Improvements to transportation, such as safe bicycle and pedestrian routes
  • Diversity of available housing options, including social and affordable housing
  • Climate emergency adaptation and mitigation measures
  • Sustainable service delivery
  • Support and development of the local economy

Help shape the budget

We allocate funds to the highest service and infrastructure priorities, and your feedback plays a critical role. For the 2020-2024 budget, we accepted written input until February 24, 2020.

Review a summary of what we heard

We are committed to an open and transparent process, and offer opportunities for citizens and stakeholders to provide input. Public workshops on the financial planning process are typically held between October and January. 

Council deliberations on the Draft Financial Plan are open to the public. There are the best times to provide input, however, we welcome public feedback throughout the year.

Here's how you can provide your feedback:

Email: budget@dnv.org
Phone: 604-990-2302 (M-F 8:30am to 4:30pm)
Mail: Mr. Rick Danyluk, Manager, Business Planning and Decision Support

Approved Financial Plans from previous years

Date Financial Plan document
2019-2023 Download
2018-2022 Download
2017-2021 Download

Financial planning and municipal government

All municipalities in BC must have a financial plan (or budget) that is adopted annually, by bylaw, before the annual property tax bylaw is adopted. The financial plan may be amended by bylaw at any time.

The planning period for a financial plan is 5 years, that period being the year in which the plan is specified to come into force and the following 4 years.

The financial plan must set out the following for each year of the planning period:

  • proposed expenditures by the municipality
  • proposed funding sources
  • proposed transfers to or between funds

A process of public consultation regarding the proposed financial plan must be undertaken before the plan is adopted.

 

Roadmap to a sustainable future

Through our Official Community Plan (OCP) policies, we are fulfilling our community's vision of vibrant, sustainable neighbourhoods where everyone is welcomed and valued.

Our many social, environmental, and economic plans are helping us implement those policies.

Was this page helpful?

Thanks for your input.