Annual Budget - Town of Gibsons

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.

Legal Requirements

The annual budgeting 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.

Financial Statements

To view current and previous financial statements, click here.

How the Budget is Developed

The Town’s budget process involves four main steps:

  1. Strategic Planning and Priority Setting
    • Council identifies key priorities for the upcoming year, guided by the Strategic Plan and community feedback.
    • Staff prepare an initial draft budget that aligns with these priorities, ensuring the Town continues to deliver essential services like water, roads, parks, and emergency response.
  2. Public Consultation
    • The draft budget is shared with the public for review and input.
    • Residents are invited to participate in public meetings and provide feedback through online surveys, written submissions, and other engagement opportunities.
  3. Review and Refinement
    • Council and staff carefully review public feedback and adjust the draft budget where feasible.
    • Detailed discussions are held to balance community needs with financial responsibility.
  4. Approval
    • The final budget is approved by Council, typically by late spring, and includes an updated Five-Year Financial Plan.

Get Involved

We want to hear from you! Public input is a key part of the budget process, and your feedback helps shape the future of Gibsons. Here’s how you can participate:

  • Attend a Budget Meeting: The budget schedule will be posted soon.
  • Submit Feedback: Email your comments to mayorandcouncil@gibsons.ca or drop them off at Town Hall.
  • Attend Community Dialogue on Budget Priorities: January 7th, 2024 from 6:30pm-8:30pm at Gibsons Heritage Playhouse

Budget Timeline

  • January – February: Council identifies priorities; staff draft the budget.
  • March: Public consultation begins.
  • April: Council reviews public input and refines the draft.
  • May: Final budget and Five-Year Financial Plan are approved.
View the 2025 Budget page here