2024 Budget

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Your Guide to Budget 2024 - City Council Seeks Your Feedback on the Proposed 2024 Budget

Section 166 of the Community Charter states that “A council must undertake a process of public consultation regarding the proposed financial plan before it is adopted.” Staff produce an annual Budget Overview, as the basis for public input/feedback in regards to the City’s draft budget and financial plans.

The public engagement period is open until: December 10, 2023 (see below for options on how to provide feedback)





Comments and feedback on the City’s 2024 Budget and 2024-2038 Long-Term Financial Plan can be provided through the following:

Online: talkrevelstoke.ca (see Comment Tab below)

Email: budget@revelstoke.ca (subject: "2024 Budget")

In Person:

In-Person Public Consultation

Wednesday, November 29, 2023

Community Centre

(Macpherson Room)

12-1:30pm

4-6pm

Mail: City Hall - Box 170, Revelstoke, BC, V0E 2S0 - Attn: Director of Finance

Drop-Off (in writing): City Hall - 216 Mackenzie Ave., Revelstoke - Attn: Director of Finance

Deadline to submit feedback: Sunday, December 10, 2023

Section 166 of the Community Charter states that “A council must undertake a process of public consultation regarding the proposed financial plan before it is adopted.” Staff produce an annual Budget Overview, as the basis for public input/feedback in regards to the City’s draft budget and financial plans.

The public engagement period is open until: December 10, 2023 (see below for options on how to provide feedback)





Comments and feedback on the City’s 2024 Budget and 2024-2038 Long-Term Financial Plan can be provided through the following:

Online: talkrevelstoke.ca (see Comment Tab below)

Email: budget@revelstoke.ca (subject: "2024 Budget")

In Person:

In-Person Public Consultation

Wednesday, November 29, 2023

Community Centre

(Macpherson Room)

12-1:30pm

4-6pm

Mail: City Hall - Box 170, Revelstoke, BC, V0E 2S0 - Attn: Director of Finance

Drop-Off (in writing): City Hall - 216 Mackenzie Ave., Revelstoke - Attn: Director of Finance

Deadline to submit feedback: Sunday, December 10, 2023

Submit Questions, Comments or Feedback

Submit Questions, Comments or Feedback on the Proposed 2024 Budget - Deadline to submit is December 10, 2023 - 4:30pm

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    Is it possible to provide some kind of forecast or expected range on p.11 of the 2024 budget? What immediately jumped out is it paints such a great picture on the city's elimination of debt and building up of reserves but was immediately concerned it was overly optimistic. Looking at the long term plan it looks like most projected costs assume 3% inflation which is balanced with 5% revenue increases, which is prudent. I think where the p.11 optimism comes in is that it doesn't factor any of the "unfunded capital project list" in the long term plan. While the exact cost and timing of these projects can't be know the projection that some of them will occur seems like a more realistic projection... And being transparent about which scenario is shown on page 11 (i.e. no major projects undertaken) is just another way of showing we have room to take on some of these.... If I mis-read the documents (this is my first year reading then) then call this feedback on how the assumptions could be clarified. Note: overall these PDFs are great! The effort put into making the charts, info-graphics are very much appreciated and kudos to the team that put it all together. Apologies that I'm asking for more. The fact that I could consume this all and ask a follow up all in under and hour of tapping things out on my phone is 👍🏽 P.S. apologies for the typos!

    Jay Turcot asked 8 days ago

    Hi Jay,

    Thank you for taking the time to provide your feedback on the 2024 budget process. Your feedback is valued by both staff and Council. At a first glance, page 11 of the budget guide appears to be optimistic. However, the debt and reserve graphs on page 11 do not include future major projects that are currently 'unfunded'. The intent of this page is to demonstrate that the City is actively paying down debt and building reserves, so that in the future the City is able to pay for larger projects listed on the bottom of page 9. The future major projects listed on page 9 require more information before being added to financial plan. 

    I am glad to hear you found the documents easy to follow. The feedback is appreciated and helps staff create meaningful content for the community.

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    It would be nice if my property tax and service charges took more than 8 years to double (as it has in the last 8 years). I do understand that part of that is because houses with lower assessments have seen increases by more than the average for the city, but I expect that to continue in future because of the continued shortage of accommodation. N.B. 5% annual increases will increase it by another 48% in 8 years and 98% in 14 years.

    Nick Thomas asked 9 days ago

    Hi Nick,

     

    Thank you for taking the time to provide feedback during the 2024 budget process. Your feedback is valued by both staff and Council. In the last 10 years, the average annual tax rate and user fee increase has been as follows:

    • Property Taxes – 3.5%
    • Water Utility Fees – 4.9%
    • Big Eddy Water Utility Fees – 5.2% (annual average for 6 years)
    • Sewer Fees – 9.5%
    • Garbage Fees – 2.9%

     

    Please note, if your property is subject to sewer fees, rates were increased significantly in 2022 and 2023 to pay for deficiencies in capital infrastructure.

     

    You are correct. If you have seen an increase in assessed value on your property by more than the average increase for the entire community, it will result in a larger tax rate increase for the year. All assessed values in the community are determined by BC Assessment. Annual assessment values are released in January and if you do not agree with your assessed value, I encourage you to reach out to BC Assessment directly (Contact Us (bcassessment.ca)).

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    I would love to see the City investing in reinstating the Climate Coordinator Position. The $80k proposed as a possible expenditure on a Climate Action Plan in 2025 concerns me as there is so much to be done, and many funding opportunities available to municipalities to undertake meaningful climate action (including supporting the position). I know that capacity is an issue, and I worry that the creation of a plan two years from now without a dedicated implementation role will delay action.

    Robyn Goldsmith asked 11 days ago

    Hi Robyn,

    Thank-you for the feedback. Staff have been and will continue to work to review the viability of a Climate Coordinator Position in the City to deliver on key climate objectives. Your feedback is valued by both staff and Council.

Page last updated: 19 Nov 2023, 01:46 PM