Published on December 21, 2022

Council Approves Financial Plan & 2023 Budget

At the December 20, 2022 Council meeting, the City’s Financial Plan and 2023 Budget was approved, following the budget deliberation process.

The 2023 Budget includes: 

  • Municipal Operating Budget    
  • Municipal Capital Budget    
  • Utility Operating Budget    
  • Utility Capital Budget    

The Financial Plan and 2023 Budget includes an average 4.6 per cent tax increase. For an average house valued at $450,000, this means an increase of $167 from the previous year. The approved budget also includes an average utility rate increase of 3.8 per cent (a change of $5.23 per month compared to last year).

The budget focuses on maintaining the high standards expected for delivery of programs and services to the community, responding to community growth, and investing in the future to ensure connectivity throughout the city, and to further enhance long-term sustainability.

The actual tax rate will not be finalized until May 2023 after the assessment roll is completed. For more information, visit

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Last edited: December 21, 2022