Annual budget planning
The Township of Esquimalt updates its five-year Financial Plan each year, as required by the Community Charter and related bylaws must be adopted by Council prior to May 15 each year. The purpose of the Financial Plan is to provide a budgetary framework for the Township to manage its resources, revenues and expenditures to ensure accountability and best serve the community.
Each year, the Township develops a balanced budget that governs how much it needs to spend to provide services for that year and how much revenue it will require to fund those services. The Financial Plan aligns with Council's Priorities Plan and considers external economic opportunities and pressures, balanced with the need to provide the essential services that residents rely on every day.
Budget information
In September 2024, Council requested a consolidated document with Township budget information. The document is intended to provide current, historical and projected data which provides Council and the public with enough information to effectively understand and evaluate the annual budget. The project was intended to be phased in over two years and in June 2025, a draft document was presented to Council for review and comments.
Based on their feedback, changes will be made to the version which covers the 2026-2030 financial plan. The initial draft is available and in advance of next year's budget discussions.
2025 budget documents
- 2025 Supplemental Requests March 3
- 2025 Supplemental Staff Additions March 3
- Budget presentation- March 3
- Capital Budget Requests- Feb 24
- Long-term Capital Program
- 2025 Draft Budget