2023 Financial Plan

City of White Rock - Proposed 2023 - 2027 Financial Plan


The Draft 2023 - 2027 Consolidated White Rock Financial Plan is available for preview. Citizens are welcome to provide comments below for Council’s review and consideration.

Council is currently in the midst of a comprehensive review process prior to finalizing and approving the financial plan by the legislated May 15 deadline.

The draft financial plan recommends an overall combined property and utilities tax increase of $442 or 7.64% for an average single-family home and $184 or 8.47% for a strata home.

The proposed increase is a result of the need to grow capital funding while maintaining service levels and keeping operating costs in check. It reflects a substantial contractual increase in policing costs, includes previously approved commitments, and provides a modest increase to protect for inflation in asset improvement funding.

Financial Plan Impact to Average Household (SFD) in 2023

2022
2023
Change $
Change %
Property Taxation



Municipal Operations
$ 2,157$ 2,382$ 22510.43%
Police Service
9931,033404.00%
Asset Improvement
7868718510.88%
Total Property Taxes
$ 3,936
$ 4,286$ 3508.90%
Utilities



Drainage Utility Charge
$ 555$ 579$ 244.32%
Solid Waste Utility Charge
345355102.90%
Sewer Utility Charge
265278134.91%
Water Utility Charge
686731456.56%
Total Utilities $ 1,851$ 1,943$ 924.97%
Total Annual Cost $ 5,787$ 6,229$ 4427.64%


Financial Plan Impact to Average Strata Unit in 2023

2022
2023
Change $Change %
Property Taxation



Municipal Operations
$ 818$ 903$ 8510.43%
Police Service
376391154.00%
Asset Improvement
2983303210.88%
Total Property Taxes$ 1,492$ 1,624$ 1328.90%
Utilities



Drainage Utility Charge
$ 167$ 175$ 84.79%
Sewer Utility Charge265278134.91%
Water Utility Charge
2472783112.55%
Total Utilities $ 679$ 731$ 527.66%
Total Annual Cost $ 2,171$ 2,355$ 184
8.47%



The Draft 2023 - 2027 Consolidated White Rock Financial Plan is available for preview. Citizens are welcome to provide comments below for Council’s review and consideration.

Council is currently in the midst of a comprehensive review process prior to finalizing and approving the financial plan by the legislated May 15 deadline.

The draft financial plan recommends an overall combined property and utilities tax increase of $442 or 7.64% for an average single-family home and $184 or 8.47% for a strata home.

The proposed increase is a result of the need to grow capital funding while maintaining service levels and keeping operating costs in check. It reflects a substantial contractual increase in policing costs, includes previously approved commitments, and provides a modest increase to protect for inflation in asset improvement funding.

Financial Plan Impact to Average Household (SFD) in 2023

2022
2023
Change $
Change %
Property Taxation



Municipal Operations
$ 2,157$ 2,382$ 22510.43%
Police Service
9931,033404.00%
Asset Improvement
7868718510.88%
Total Property Taxes
$ 3,936
$ 4,286$ 3508.90%
Utilities



Drainage Utility Charge
$ 555$ 579$ 244.32%
Solid Waste Utility Charge
345355102.90%
Sewer Utility Charge
265278134.91%
Water Utility Charge
686731456.56%
Total Utilities $ 1,851$ 1,943$ 924.97%
Total Annual Cost $ 5,787$ 6,229$ 4427.64%


Financial Plan Impact to Average Strata Unit in 2023

2022
2023
Change $Change %
Property Taxation



Municipal Operations
$ 818$ 903$ 8510.43%
Police Service
376391154.00%
Asset Improvement
2983303210.88%
Total Property Taxes$ 1,492$ 1,624$ 1328.90%
Utilities



Drainage Utility Charge
$ 167$ 175$ 84.79%
Sewer Utility Charge265278134.91%
Water Utility Charge
2472783112.55%
Total Utilities $ 679$ 731$ 527.66%
Total Annual Cost $ 2,171$ 2,355$ 184
8.47%


Ask questions or share comments on the proposed 2023 Financial Plan

Comments and questions received will be summarized (answered where applicable) and shared with Council at the March 27, 2023, Finance & Audit Committee meeting. 

CLOSED: This discussion has concluded.

So 9% tax increase comes on top of the increased property value by 33%. So the city literally gets 45% more in $$ value.
If it’s not a rip off then what is a rip off???

Alexander about 1 year ago
Page last updated: 17 Mar 2023, 07:31 PM