Each year, the City of Victoria establishes funding priorities through its annual budget, which identifies the expected revenues and planned expenditures required to deliver the over 200 programs and services our community relies on.
Through Draft Financial Plan discussions and deliberations, City Council sets service levels and allocates funding for all City services, programs, projects and initiatives.
Council budget decisions are informed by strategic and master plans, Council priorities, financial forecasts, legislative requirements and community input.
2026-2030 Financial Plan
The 2026-2030 Financial Plan was adopted by City Council on May 7, 2026.
This year, Council will invest $394.1 million on operating expenses to deliver over 200 services and programs and $160.1 million on capital improvements. Read the 2026 Budget Highlights.
In 2026, the increase in revenue needed from property taxes is $14.185 million over 2025, resulting in an overall tax increase of 7.28 per cent – 5.06 per cent for police services and 2.22 per cent for all other City services.
Council has distributed this increase at 9.34 per cent to residential properties and 4.78 per cent to business properties.
Learn about the public engagement that helped inform Council's budget decisions.
Previous Budget Documents
Five years’ worth of previous budget documents are available below.