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The District of Squamish Council adopted the Five-Year Financial Plan for 2022 to 2026 on December 21, 2021.
The plan includes an estimated property tax revenue requirement increase of 4.07% in 2022 to fund projects and services required to meet the growth pressures, facility renewal and demand for services that Squamish currently faces.
Council has not set the property tax rates yet. To set property tax rates, Council will consider The BC Assessment property assessment value notices and the percent of non-market change (growth), as that information becomes available. It is expected that the average residential property tax increase will be approximately $91.
The District of Squamish Council adopted the Five-Year Financial Plan for 2022 to 2026 on December 21, 2021.
The plan includes an estimated property tax revenue requirement increase of 4.07% in 2022 to fund projects and services required to meet the growth pressures, facility renewal and demand for services that Squamish currently faces.
Council has not set the property tax rates yet. To set property tax rates, Council will consider The BC Assessment property assessment value notices and the percent of non-market change (growth), as that information becomes available. It is expected that the average residential property tax increase will be approximately $91.
Roughly half of the budget is funded by property taxes. In 2022, this means $34,265,000 will be needed from property tax. This is a 4.07% increase compared to 2021. To raise these funds, we expect the average residential taxpayer will pay $91 more in 2022 than they did in 2021.
The draft 2022-26 Financial Plan includes investments in three District facilities. Council is considering these facilities investments currently.
Item
Amount
When
Budget
Funding Changes
Brennan Park Revitalization (Phase 1)
$4.5M
2022
Capital
Grants/Reserves
Municipal Offices
$0.9M
2025
Operating
$0.9M Annual Lease
Transit Maintenance Facility
$0.5M
2026
Operating
$0.5M Annual Payment
Replacement of Fire Hall #1, Fire Hall #2, and the Public Works Yard are currently underway in either the design or construction phases.
These items are a result of much analysis and master planning, and we have created a number of documents to help you learn more. Please take some time to review the FAQ and other documents. We are keen to hear your questions and comments to help inform Council's decision-making.
Please let us know what you think about any aspect of the draft 2022-26 Financial Plan currently in front of Council. Help inform Council's decision-making by sharing your input here. What should Council consider, from your perspective?