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City Budget

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Welcome to the City of Powell River’s Five-year Financial Plan webpage. The City is required to produce a balanced five-year financial plan annually before May 15th. The financial plan sets the service levels for the City. The financial plan process starts with online and in person engagement to receive public input and answer public questions. Next, the first draft of the financial plan is produced, presented to City Council, and then refined to become the second draft. Finally, the Financial Plan Bylaw is proposed for readings then adoption.

Here you will find all the same documentation and resources City Council and Financial Services use to finalize the financial plan and property taxes. It is a lengthy process that takes months to complete.

DEADLINE – The deadline to complete the Balancing Act Budget Simulator is Monday, October 2. As part of Council’s commitment to community engagement, the City of Powell River is encouraging you to complete this interactive budget simulator for timely and meaningful involvement in the budgeting process. This budget simulator is conducted to measure public satisfaction with municipal programs and services and to gain insight into the priorities of residents.

2024 - 2028 Open Book Financial Plan Visualization Tool

The Open Book Financial Plan Visualization Tool shows you the budget at each step as we move along the budget timeline. The graphs are updated regularly as Financial Services makes changes based on City Council’s input and direction.

2024 – 2028 Financial Plan Reports

Financial plan reports are presented to City Council on a regular basis for input and direction to city staff. These reports from the Chief Financial Officer
are given at public meetings to ensure transparency and accountability. As the process progresses, links to the reports will be added.

2024 Sewer Parcel Tax Rates Report

The City charges sewer parcel taxes to help fund the capital cost of the sewer collection and treatment service. These taxes are charged based on a property’s frontage in feet, multiplied by the parcel tax rates as set in the parcel tax bylaws. As the process progresses, links to the reports will be added.

2024 Sanitary Sewer System User Fee Rates Report

The City charges sewer user fees to help fund the operating cost of the sewer collection and treatment service. The user fee rates are set out in the sewer user fee bylaw. As the process progresses, links to the reports will be added.

2024 Property Tax Information

Property taxes are one of the ways the City of Powell River collects revenue to pay for municipal services like police, fire fighting, recreation, parks, and programs to build a healthier and thriving coastal community. The amount you pay is based on the funds the City needs to provide municipal services each year, and your property assessment.

Provincial Property Tax Deferment Program Information

The Property Tax Deferment Program is a provincial loan program that permits qualified BC home owners to defer their annual property taxes on their principle residence if certain criteria are met.

Provincial Home Owner Grant Program

The home owner grant program reduces the amount of property taxes you pay each year on your principal residence. The grant is available to homeowners who pay property taxes to a municipality, or to the province if they live in a rural area. Most eligible home owners a qualify for the regular grant.

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