Read the provisional 2019 budget online

December 6, 2018

The City of Kelowna 2019 Financial Plan is now available for review at kelowna.ca/budget.

City Council will receive from staff an overview presentation of the provisional 2019 Financial Plan at its regular meeting on Dec. 10 and will deliberate budget requests during an all-day session Thursday, Dec. 13 starting at 9 a.m.

The 2019 Financial Plan proposes an overall taxation increase of 4.40 per cent, of which 2.45 per cent is the general municipal tax rate increase and 1.95 per cent for the introduction of an infrastructure levy. As proposed, this would result in an $88 increase for the average single-detached home in Kelowna with an assessed value of $682,260. The final tax rate increase will be set in April 2019, following final review of requests by City Council.

This year’s budget highlights the City’s adoption of the Imagine Kelowna vision into the work we do by delivering on a number of the principles’ goals: embracing diverse transportation options, creating great public spaces that bring people together, being resilient in the face of climate change, and building healthy neighbourhoods that support a variety of households.

Provisional 2019 Budget highlights include:

  • Investments in downtown safety and cleanliness
  • Bolstering first-responder resources with 16 new frontline personnel
  • Allocating funding for land acquisition specifically for affordable housing partnership opportunities as a new approach towards the housing pressures faced by the community
  • Delivering on balanced transportation networks with the construction of both the Ethel and Sutherland Avenues Active Transportation Corridors, and the accelerated delivery of South Perimeter Road and Gordon Drive extensions
  • Renewing and expanding parkland and waterfront access including City Park, Knox Mountain’s Paul’s Tomb Trail, Glenmore Recreation Park and interim access at the Hobson Road park property
  • Investments in storm drainage improvements to mitigate impacts of flooding and climate change

Transportation is the largest capital expenditure at $28.4M.

As part of the budget deliberations, staff will recommend for Council to consider the introduction of a 1.95 per cent infrastructure levy as part of both the 2019 and 2020 budget cycle. This is one option being proposed to fund a $477M infrastructure deficit identified in the 10-Year Capital Plan. It is one of the ways we can take action and be resourceful in investing in our future so that Kelowna continues to be a great place to live.

As a financially resourceful municipality, the City of Kelowna has multiple revenue sources. Taxation represents 36 per cent. User fees and charges, grants, sponsorship and advertising, reserves and surpluses are other forms of revenue sources.

For more information about the City’s budget process, visit kelowna.ca/budget. Please consider going paperless for this large document by viewing it online, instead of printing it.

On budget deliberation day, Thursday, Dec. 13, follow the discussion on Twitter with the hashtag #KelownaBudget or listen live via Castanet Council.