Each year, the City of Victoria establishes funding priorities through its annual budget. The City's Financial Plan (budget) is essential for providing high-quality services our residents and businesses have come to expect.
City Council sets service levels and allocates funding for all City services, programs, projects and initiatives. Council budget decisions are informed by community input on priorities for investment.
2025-2029 Draft Financial Plan
The City's 2025-2029 Draft Financial Plan is now available. The 2025 Draft Budget proposes to invest $365.6 million in operating costs and $94.6 million in capital improvements to deliver over 200 services and programs on which the community depends.
The Draft Financial Plan and a public engagement summary of public input to date was presented to Council at the October 24, 2024 Committee of the Whole Meeting to help inform Council's 2025 budget decisions.
Upcoming Budget Deliberations
At the December 12, 2024 Committee of the Whole Meeting, Council will consider a staff report (Item J.1) that outlines property tax increase reduction scenarios.
Have Your Say
Have your say on the City's Draft 2025 Budget in writing by email, mail or drop off at the Ambassador desk at City Hall, or by uploading a pre-recorded video up to five minutes in length by 11:59 p.m. on Friday, December 20, 2024.
Previous Budget Documents
Five years’ worth of previous budget documents are available below.