2020 Budget Information

The 2020 operating budget totals $264.9 million and supports over 200 services and initiatives, as well as continued savings in reserves for future capital investments. The capital budget totals $84 million. 

Read the 2020 Financial Plan

COVID-19 Impacts

This year’s financial plan was finalized in extraordinary circumstances due to the COVID-19 pandemic.

Due to decreased City revenue, City Council agreed on August 6 to defer approximately $17 million in capital projects and other initiatives to offset projected revenue shortfalls and additional pandemic-related costs in its 2020 Financial Plan.  

Three initiatives that were paused in April were given the green light to move ahead in 2020, which include: 

  • investing $3.8 million in the long-awaited bike skills and skate park at Topaz Park. Design will begin in 2020 with construction anticipated in 2021.
  • allocating funding to install a new public washroom downtown at the south end of Douglas Street.
  • establishing an Office of Equity, Diversity and Inclusion this fall, which will be staffed by an Equity Officer/Strategist and an Equity, Diversity and Inclusion Coordinator to carry out a number of strategic plan priorities.

Financial Relief Package

In April, City Council made amendments to the draft 2020 Financial Plan to deliver the following financial relief package to help those in the community who may be experiencing financial hardship due to the COVID-19 pandemic:

  • Zero per cent tax increase from the City this year for residential and commercial ratepayers
  • The deadline to pay property taxes was extended to August 4 and a reduced penalty was put in place for late payment
  • The deadline for utility bill payment was extended to 90 days

Annual City Budget

The City's annual budget looks to adapt to change and balance competing priorities, while continuing to provide high-quality services our citizens have come to expect. 

Each year, Council sets service levels and allocates funding to deliver the City’s 200+ programs and services, invest in infrastructure upgrades, and achieve the actions in the City’s Strategic Plan.