Esquimalt Council has approved a 2016 budget of $37.7 million which includes a 1.96% increase in municipal tax revenue requirements over 2015.
Council adopted Financial Plan Bylaw, 2016, No. 2871 and the Tax Rates Bylaw, 2016, No.2872, at the May 2, 2016 Meeting of Council.
The modest increase was achieved while maintaining core municipal services, replenishing reserve funds and budgeting $4.8 million for capital costs and infrastructure improvements.
“This is a budget that demonstrates sound fiscal management and ensures we can continue to provide a high level of service to the community,” said Mayor Barbara Desjardins. “This is a modest increase and is still among the lowest in the region - our reserves and contingency funds remain in great shape.”
Council’s strategic priorities for 2016 include:
- Continuing to enhance the health and liveability of the community;
- Enhancing relationships with municipal neighbours and other levels of government;
- Encouraging a resilient and diverse economic environment; and,
- Continuing to address the operational and financial requirements of municipal infrastructure.
See Council’s 2016 Strategic Priorities Chart here.
For more information, please contact:
Ian Irvine, Director of Financial Services