Inside the City Budget
Creating a great place to live takes vision, commitment and thoughtful financial planning. In Kelowna, the bold goal of the annual budget process is to create the best city of its size in North America. What lifts Kelowna above other cities is the quality and quantity of services offered within the financial limits of the annual budget.
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 City of Kelowna’s 2012 Citizen Survey ranked protective services as citizens’ highest priority for investment. This is reflected in the fact that, in recent years, more than one-third of municipal tax dollars collected in Kelowna have gone to pay for protective services. In the provisional 2015 Financial Plan, protective services account for more than one-half of the proposed 3.46 per cent tax demand in 2015. The other half is for all other City operations and capital projects in 2015. The final tax rate will be set in May.
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 2012 Citizen Survey, we heard that 81 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 for 13 years in a row.
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