2018-2022 Financial Plan

FINANCIAL PLAN OVERVIEW

While looking at the percentage of a municipality’s liability servicing limit that has already been used provides useful information it can be impacted by decisions, such as to repay or refinance debt. For example in 2014 Mission shows 52% of the liability servicing limit in use, but then this drops to 6% in 2015. The 2015 number was impacted by a decision to repay debt in 2014.

Percentage of Liability Servicing Limit Used

Debt Servicing as a Percentage of Tax Revenue

Debt Per Capita

2015 2014 2015 2014 2015 2014

Abbotsford

13% 24% 470 $

$

502

5% 10%

Burnaby

0%

0%

-

-

0%

0%

Chilliwack

4%

3%

63

81

2%

1%

Coquitlam

8% 19% 151

183

3%

7%

Delta

3%

2%

44

58

1%

1%

Langley (City)

0%

0%

-

-

0%

0%

Langley (Township)

12%

9% 657

717

5%

4%

Maple Ridge

15% 16% 420

466

6%

6%

Mission

6% 52% 161

180

3% 25%

New Westminster

4% 34% 909

895

3% 21%

North Vancouver (City)

1%

1%

27

33

0%

0%

North Vancouver (District)

7%

6% 545

235

3%

3%

Pitt Meadows

10%

8% 364

412

4%

3%

Port Coquitlam

6%

7% 366

382

3%

3%

Port Moody

10% 12% 363

391

4%

5%

Richmond

6%

3% 224

253

3%

1%

Surrey

16% 10% 433

479

7%

4%

Vancouver

16% 63% 1,524

1,428

8% 32%

West Vancouver

3%

4% 175

189

2%

2%

White Rock

1%

0% 735

11

0%

0%

Average*

7% 13% 380

338

3%

6%

The data shown is for 2015 vs 2014 as 2016 information is not yet available.

 in calculating the average, the Maple Ridge numbers were not included to allow us to see how we compare to the average of other reported municipalities.

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