City Of Campbell River Releases Draft 2024-2033 Financial Plan

The City of Campbell River has released the draft 2024-2033 Financial Plan.

Staff provided an overview to council this week, with the draft investing in community safety and downtown revitalization, which are among Council’s and the community’s top priorities, and proposing additional resources to maintain core service levels and accommodate community growth.

The plan reduces existing spending, increases revenues, optimizes processes, and aligns resources with Council priorities,  with a proposed tax increase of 3.45 percent, which keeps the increase within the City’s financial policy parameters of 3.5 percent.

That’s down from an initial projection of 8.13 percent and works out to an estimated $6 monthly increase for the average homeowner.

Mayor Kermit Dahl says the budget keeps affordability top of mind and taxes low.

Highlights include investments in improving community safety, including additional support to assist with increasing challenges due to substance use and addictions, mental health challenges and homelessness.

It also includes supports for Council’s commitment to improved Indigenous relations and increased opportunities to collaborate on development and economic initiatives with the Wei Wai Kum and We Wai Kai First Nations.

Additionally, the draft plan includes enhancements to transportation, park amenities, and economic drivers such as the airport.

Council will deliberate the budget beginning at 9:30 a.m. on Tuesday morning. The public can view the draft and send comments in by noon on Monday.

To learn more, visit the Draft 2024 Budget.

To watch the pre-budget Council meeting presentations online, visit City of Campbell River.