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2018 Budget and five-year financial plan

Our 2018 Budget outlines how tax dollars and funding will be invested to help ensure that important services can be maintained, while at the same time focuses on priority investments to help meet the future needs of a growing and changing city. Property taxes help fund a large part of the budget. 

We consulted with residents and businesses by presenting and inviting feedback on the 2018 Budget Outlook and heard back about your most important issues and preferences for City spending.

That input was used to identify the following priorities for investment in the 2018 budget year and beyond.

2018 Budget highlights

The 2018 Budget consists of :

  • Operating expenditures of $1.405 billion
  • Capital expenditures of $426.4 million

View a detailed breakdown of the 2018 Budget for capital expenditures and service metrics (Appendix A, B, C and D)  (1.19 MB).

2018 Budget priorities

We consulted with residents and businesses and heard back about your most important issues and preferences for City spending.

That input was used to identify the following priorities:

Address housing supply, affordability, and critical social issues

Improve service and maintain and upgrade streets, utilities, and facilities

Continue to build vibrant communities

Increase investments in public safety  

Council and Board priorities

Council has five priorities. Find out how our 2018 Budget and Five-Year Financial Plan will help us deliver what you need.

Key investments

See how we are realigning existing resources and spending levels to valued services and priorities for the 2018 Budget.

Five-year financial plan

The budget report includes a five-year financial plan that provides longer term projections and insight on potential pressures and risks.

How we fund the budget

Learn how we fund the annual capital and operating budgets, including where your tax dollars go, and what you get in return.

How we build the budget

Find out the steps we follow to ensure we develop a budget that reflects what the City, Council, and community value.

Understanding the budget

Our annual budget is made up of the operating, capital, and consolidated budgets. Learn what is different between the types of budgets.

Council and Board prioritiesKey investmentsFive-year financial plan How we fund the budgetHow we build the budgetUnderstanding the budget