Inside the City budget
Every year presents its own budget challenges and difficult decisions. The City of Kelowna’s annual budget aims for a balance between setting a reasonable tax rate and delivering services expected by residents and businesses.
The 2016 budget is about meeting previous years’ commitments and providing the resources or funding needed for maintenance or to keep up with growth. A 4.11 per cent tax increase was approved by Council on April 25 when it reviewed and adopted the 2016 Financial Plan. For more information and highlights, check out the 2016 budget page.
Kelowna is one of the most fiscally responsible mid-sized cities in Canada, raising two-thirds of revenues from sources other than taxation. In our 2015 Citizen Survey, we heard that 84 per cent of residents say they receive good value for their taxes. And the City of Kelowna has been awarded the Government Finance Officers Association Award of Excellence 13 years in a row.
For more detail, check out the extended video.
For more information about the City's budget, see the Document Centre, sign up for e-Subscribe updates direct to your inbox or contact:
Financial Planning Manager