Each year the Town undertakes an extensive budgeting process. Managers review their department’s operating and capital budgets to determine their needs for the upcoming year. Through a series of meetings these budgets are reviewed by Council for a final determination. These meetings are open to the public.
This process culminates in the creation of the Five-Year Financial Plan Bylaws and the Tax Rate Bylaws, both of which must be adopted by Council and then submitted to the Ministry of Community, Sport and Cultural Development by May 15th of each year.
To view current and previous financial statements, click here.
In 2017, the Town of Gibsons had an operating budget of $7.6 million (which pays for day-to-day operations, like administrative, financial and public works services) and a capital budget of $4.6 million (which goes toward infrastructure assets like our water, sewage and road systems).
Have you ever wondered where this money comes from? Or how the Town spends the funds we collect? Click here to see a basic overview of the Town’s finances, including 2017 funding sources, expenditures, average property taxes and utilities paid, services received for taxes paid, and an overview of current and pending capital projects.