Annual Budget

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.

Additionally, Council requested that staff conduct a community survey in late 2020, to solicit feedback on the recently updated Strategic Plan and the 2021 Budget. View the 03-02-2021 Staff Report on the community survey, which includes survey results in full, here.

2021 Budget

View the 2021 Budget “At A Glance” sheet here.

The Town’s annual budget is comprised of three key components: Water Operations, Sanitary Sewer Operations and General Operations.

View highlights of the preliminary 2021 Water Operations Budget here.

View highlights of the preliminary 2021 Sanitary Sewer Operations Budget here.

View highlights of the preliminary 2021 General Operations Budget here.

View information about Planned Capital Projects here.

Highlights
  • 03-02-2021: Staff have been directed to prepare bylaws that reflect a 5% increase to the current Water Parcel Tax and Water User Fees and a 5% increase to the current Sewer Parcel Tax and Sewer User Fees.
  • 03-02-2021: An amendment to Bylaw 1196, 2020 was given first, second and third reading. The amendment reflects an $8 annual increase to the current residential Garbage and Organics User fee.  Read the related report here.
  • 03-09-2021: A dedicated police service tax increase of 5% (in addition to the 2% municipal tax increase included in the preliminary budget numbers) is under consideration. Taxation funds related to this 5% increase would go into a Police Reserve Fund, and used to help mitigate an expected annual increase of $700,000 to $1 million in the Town’s policing costs, which will be triggered by the Province of BC when Gibsons’ population reaches 5,000 people. Learn more about the pending Police Services Tax here.
  • 03-09-2021: Council will likely hold the Business Tax Multiple for 2021 steady at 2.75. The Business Tax Multiple (BTM) affects the relative tax burden borne by Class 6 (businesses) versus Class 1 (residential.) The higher the BTM, the higher proportion of the tax burden businesses bear. Read the related report here.
  • 03-09-2021: Council has asked staff to include $5,045 in the 2021 Annual Budget for a new freezer for the Gibsons Seniors Society, and to include a line item of $5,000 for the Gibsons Seniors Society in future budgets. A $5,000 budget line item will also be added beginning in 2021 for funding to go to a reserve for children’s playground equipment and infrastructure.
  • 03-09-2021: Council has asked staff to implement collection tax scheme which differs from the scheme outlined in the Community Charter. The adopted scheme would designate July 2, 2021 as the Property Tax due date, with a 5% penalty applied on any outstanding balance on July 3, 2021 and a further 5% penalty applied on any outstanding balance on September 1, 2021, rather than applying a 10% penalty on July 3, 2021.
  • 03-16-2021: The Director of Infrastructure Services has presented a Preliminary 2021 – 2025 General Capital Budget. Read the 2021 Capital Projects highlights here. Read the related Staff Report here.
  • 04-06-2021: Council has voted to move forward with an overall 7% municipal tax increase (with 5% relating to future policing costs) and has directed staff to prepare the 2021 – 2025 Financial Plan Bylaw and 2021 Annual Tax Rate Bylaw for approval.
Community Dialogue Budget 2021

On the evening of March 23, 2021, a Community Dialogue was held via Zoom, to provide residents with the opportunity to ask Council and senior staff questions about the annual budget. Thirty-eight people attended the meeting, which included an overview of the budget-to-date and breakout rooms for General Government, Town Operations, and Capital Projects.

Read the Mayor’s Opening Comments here.

View Director of Finance’s Presentation on the budget-to-date here.

View a recording of the dialogue, including the breakout rooms, here.

Meetings*

Public engagement is available and encouraged at each phase of the annual budgeting process. (All Council meetings may be accessed online from this page. Video recordings of past meetings may be viewed here.) Opportunity for public involvement is also provided at the final stages, when a high-level overview of the financial plan is provided.

Meeting dates* and topics for budget-related discussions are:

Sunshine Coast Regional District (SCRD) Budget

On March 3, 2021, Lori Pratt (Chair of the SCRD Board) provided an overview of the SCRD’s Round 1 Budget 2021. View PowerPoint presentation here.

The Round 1 Budget anticipates a 9.49% increase in the SCRD Property Taxation rate, due to a record number of projects, depleted reserves, higher staffing costs and COVID-19 impacts.

Approximately 27% of the total property taxes paid by Town of Gibsons property owners are comprised of the SCRD tax.

Therefore, a rise in the SCRD property taxation rate will push up that portion of Town of Gibsons property taxes.

For 2021, the SCRD tax increase is expected to be an additional $92.85 on a house valued at $500,000, $139.27 on a house valued at $750,000 and $185.70 on a house valued at $1 million.

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.