Budget 2022

Highlights
  • 05-03-2022: Bylaw 1296, 2022, Bylaw 1297, 2022, Bylaw 1298, 2022, Bylaw 1299, 2022 and Bylaw 1300,2022 were adopted. According to the Bylaws, there will be an overall general property tax increase of 2.2% in 2022, an annual levy of $116.19 to each Gibsons parcel for the Community Recreation Facilities Parcel Tax, an increase of 5% for the Sewer Parcel Tax, and an increase of 5% for the Water Parcel Tax. The 2022 Annual Budgeting Process is now complete.
  • 04-19-2022: the Director of Finance gave a presentation to Council on the 2021 Draft audited financial statements, which were approved as received. The Director of Finance also presented a report on the 2022-2026 Financial Plan and 2022 Annual Tax Rate Bylaw. Bylaw 1296, 2022, Bylaw 1297, 2022, Bylaw 1298, 2022, Bylaw 1299, 2022 and Bylaw 1300,2022 were given first, second and third reading.
  • 04-12-2022: Budget Open House – via an online meeting, the Director of Finance and the Chief Administrative Officer presented the 2022 Budget Highlights, including planned capital projects for the coming year. View the 2022 Final Budget Presentation here.
  • 03-29-2022: the Director of Finance presented Preliminary General Operations Budget – Update #3 to the Committee of the Whole. Read the related Staff Report here. Following some discussion, the Committee recommended that the 2022 Gower Point Traffic Calming project be funded by the Gas Tax; that the 2022 Glassford Road Traffic Calming Options project be funded by the Gas Tax, unless it meets the criteria to be funded under the Active Transportation Network Upgrades Project; that the 2022 annual tax rates be prepared authorizing an overall 2.2% tax increase; and that the 2022 – 2026 Financial Plan Bylaw and the 2022 Annual Tax Rate Bylaw be prepared for Council approval. These will be presented to Council on April 19, 2022 for first, second and third readings.
  • 03-22-2022: Community Dialogue – 21 members of the public attended this online meeting which began with the Director of Finance providing a high-level overview of the preliminary budget. Participants then joined one of three “Breakout Rooms” (General Government, Town Operations and Maintenance, or Capital Projects) for a more detailed discussion of each topic. After 30 minutes, all participants returned to the main room, where recaps of each room’s discussion were shared. Read Notes from the Community Dialogue here.
  • 03-22-2022: the Director of Finance presented the Preliminary General Operations Budget – Update #2 to the Committee of the Whole. The update reflected Council’s direction on March 8, 2022 (see below) to redirect 50% of a planned annual transfer ($92,500) to the Police Service Reserve Fund to fund 2022 capital and other projects. As a result, the projected surplus increased from $100,024 to $192,500.  Read the related Staff Report here. The Director of Infrastructure Services presented the 2022 to 2026 General Capital Budget – Update #1. Council accepted Staff Recommendations that total funds allocated to the Trail/Active Transportation Plan be increased from $40,000 to $50,000; that the Dog Park Fencing project be moved to 2023; that the total funds allocated to the DPA2 Update be increased from $25,000 to $40,000; and that an Active Transportation Advisory Committee be established. Read the related Staff Report here.
  • 03-15-2022: the Director of Infrastructure Services presented the Preliminary 2022 – 2026 General Capital Budget to the Committee of the Whole. Read the related Staff Report, which includes a brief description of potential capital projects.
    – Council adopted Town of Gibsons Rates, Fees and Charges Amendment Bylaw No. 1196-21, 2022. The Bylaw reflects a 5% increase to the current Water Parcel Tax and User Fees and a 5% increase to the current Sanitary Sewer Parcel Tax and User Fees.  For residents, this represents an average annual increase of $43 for water services and $33 for their sewer services.
  • 03-08-2022: the Director of Finance presented the General Operations Budget Update #1, which reflected guidance received from Council on February 22, 2022. Read the staff report here.
    – The Director of Finance also presented a report on Future Policing Costs. Based on the current Provincial agreement structure, when the Town’s population officially reaches 5,000 people, we will be required to pay 70% of our policing costs (compared to 30% now). The increase in policing costs is expected to be approximately $1 million annually, which will need to be funded through property taxes. In order to start building toward the level of taxation collection required to fund future policing costs, Council authorized a 5% tax increase in 2021. This enables the Town to place $185,000 each year into a Police Services Reserve Fund, which will be used to offset the increased costs. For 2022 only, Council reduced this annual transfer by 50% which enabled $92,500 to be available to fund 2022 capital and other projects.
    – Finally, the Director of Finance presented a report on the Annual Tax Burden which shows that the tax burden is continuing to shift slightly from commercial properties to residential properties. In 2022, Class 1 residential properties will pay 71.92% of the taxes collected, compared to 71.44% in 2021. Class 6 (Business) will pay 25.96% of 2022 taxes, compared to 26.39% in 2021.
  • 03-01-2022: Council gave first, second and third reading to Town of Gibsons Rates, Fees and Charges Amendment Bylaw No. 1196-21, 2022Read the related Staff Report here.
  • 02-22-2022: the Director of Finance presented the Preliminary Operating Budget, which is the Town’s main operating fund. (Learn more here.) The budget presented was based on a 2% tax increase, which resulted in a net surplus of $138,511. This surplus may be used for: funding current year capital projects; transfers to reserves; funding requests from external organizations; and/or additional Council direction. Council made some changes to the preliminary operating budget: a revised operating budget will be presented to Council on Tuesday, March 15th at 3pm.
  • 02-15-2022: Council directed staff to prepare bylaws that reflect a 5% increase to the current Water Parcel Tax and User Fees and a 5% increase to the current Sanitary Sewer Parcel Tax and User Fees. Read the related Staff Report here.
  • 01-25-2022: the long-term financial plan and preliminary budgets for the Town’s 2022 Water Services and 2022 Sanitary Sewer Services, and the Water and Sewer Five Year Capital Plans were presented at a Special Committee of the Whole Meeting. Town staff are recommending a 5% increase to parcel taxes and user fees, which would be comprised of a 2% increase for inflationary impacts and a 3% increase for asset replacement. This proposed rate supports the goal of the Town’s long-term financial plans, which is to achieve water and sewer funds with sufficient reserves to address short and long-term operational and capital requirements, while limiting the use of debt and dependency on grant funding.
  • 01-18-2022: Tina Perreault, General Manager, Corporate Services/Chief Financial Officer, Sunshine Coast Regional District (SCRD) was in attendance to present the community information session on the 2022 SCRD budget and answer questions from Council and the public.  View the presentation here.

 

Annual Budget Timeline (Overview)

Please click on the Budget 2022 – 2026 image below to see a high-level overview of our Annual Budget processes.

Budget 2022 Timeline (Overview)