2018-2022 Financial Plan

FINANCIAL PLAN OVERVIEW

Recommendations for 2018-2022 Financial Plan This past July, Council established the budget guidelines for staff to use in developing the 2018 - 2022 Financial Plan. We are pleased to report that the Financial Plan recommended to Council respects these guidelines which call for the lowest tax increases in years. We now recommend that staff be directed to prepare the 2018 - 2022 Financial Plan Bylaw, incorporating the following:

1.

General Purpose Property Tax Increase – 1.90% in 2018 and 2.00% per year in 2019 through 2022. Infrastructure Sustainability Property Tax Increase – 0.70% per year. Parks, Recreation & Culture Property Tax Increase – 0.25% per year. Parks and Recreation Facilities Tax Increase – 0.35 per year for seven years

9.

Growth in Property Tax Revenue Assumption – 2.00% per year.

10.

Incremental Adjustments as outlined on page 43.

2.

11.

Provision for costs associated with growth as outlined on page 41, subject to available funding. Capital Works Program totaling $62.9 million in 2018, $52 million in 2019, $26.2 million in 2020, $25.2 million in 2021 and $19.7million in 2022. Cost and revenue adjustments from page 42, which reconciles the 2017 - 2021 Financial Plan with the 2018 - 2022 Financial Plan.

3.

4.

12.

5.

Storm Water Property Tax Increase – 0.30% per year.

13.

6.

Water Levy Increase – 4.50% per year.

7.

Sewer Levy Increase – 3.60% per year.

8.

Recycling Levy Increase – 1.67% in 2018 and 2.75% per year in 2019 through 2022.

General Information Public Input

Each year we invite citizens and stakeholders to provide comment on the Financial Plan. The first opportunity comes in the spring, when Council adopts guidelines that will direct staff in the preparation of the Financial Plan. The second opportunity is in November/December, when Council formally considers the proposed Financial Plan.

In addition, your comments and questions are welcome any time of year.

 e-mail, addressed to: budget@mapleridge.ca

 voice mail, Budget Hotline: 604-467-7484



in writing, addressed to:

Trevor Thompson Manager of Financial Planning City of Maple Ridge 11995 Haney Place Maple Ridge, BC V2X 6A9

Get a copy of the Financial Plan on our website mapleridge.ca

Page 74 of 234