City finances · FY2025
Operating budget
Where the operating budget is allocated across departments, and how it has grown. Open any department to trace its programs and contracts.
$73.4M total 8 departments $2,188 per resident
Operating budget
$73.4M
6.2%
Capital plan
$41.2M
12.8%
Property tax change
+9.6%
9.6%
Long-term debt
$18.9M
3.1%
Reserve funds
$96.7M
4.4%
5-year trend
Operating budget, $M
58.1
'21
61.7
'22
65
'23
69.1
'24
73.4
'25
+26% growth since 2021, outpacing the 33,551-resident population.
Provenance
2025 Five-Year Financial Plan (Bylaw 3414)
PDF · Council adopted · p.22–31
Adopted by Council Feb 11, 2025 (Bylaw 3414).
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