Budget 2024

The Financial Plan outlines the District’s operating costs, capital plan, funding sources, tax rate and utility rate impacts over this period. It aims to balance the immense pressures of a rapidly growing community – from new facilities to upgraded infrastructure, as well as the strategic goals of Council.

The District is not immune to the cost increases from inflation and supply chain challenges experienced across the country, and this is one of the primary pressures of this Financial Plan. Other pressures include the cost of expanded transit, the costs of funding and servicing debt on multiple facilities replacements and upgrades, labour contract annualization, staff resources to meet increasing Capital Plan requirements and service demands and addressing deficiencies in previous asset management investment.

The Plan represents a thoughtful and measured approach to address the above pressures. The District has made tremendous efforts to offset inflationary pressures, delay or re-consider projects and expenses, maximize funding from other sources, delay debt issuance through cash flow management and temporary borrowing, and utilize tax stabilization opportunities.

The revenue required from property taxation in 2024 is projected to increase 8.9% or an average of $213 per residential unit. Similar increases can be expected annually for the remainder of the five-year plan.

Explore the Capital Plan, Special Operating Projects and Service Level Changes via the button/link below:

View complete financial documents in the list below:

Tax Impact Summary for the five years of the Financial Plan

Reconciliation of 2023 Tax Revenue Requirement to 2024

Capital Plan spreadsheets

Special Operating Projects spreadsheets

Service Level Changes spreadsheets

General Fund Financial Plan Summary

Proposed Utility Rates

Utility Fund Financial Plan Summary

Reserve Continuity Summary and Detail

1. Visit the Ask a Question tab above and enter your question there.
2. Join in the Discussion Forum.
3. Provide a comment while scrolling through Open Book. Look for the links on each page to the 'quick online form'.
4. Send us an email to budgetfeedback@squamish.ca.
5. Join as at one of the in-person discussion opportunities (see 3 and 4 below).

Please join us for an evening of conversation as Council shares the priorities and challenges for the coming five years, as laid out in the proposed 2024-2028 Financial Plan.

November 14, 6-9 p.m. - Howe Sound Secondary School (Foyer)

• A presentation delivered by Mayor Hurford will be followed by a facilitated Q&A discussion.
• Once the Q&A ends the remainder of the evening will be spent mingling around various budget info boards around the room, and engaging in 1:1 or small group conversations.

Light refreshments will be served throughout the evening.

• 6 p.m. - Arrival, sign-in, mingle, settle-in
• 6:30 p.m. - Budget presentation followed by a facilitated Q&A discussion
• 7:30 p.m. (approximately) - Open House style event with 1:1 discussions with Council and staff
• 9 p.m. - Event ends

Roaming mics will be available for the public to ask questions of Council during the facilitate Q&A. Staff budget managers will also be on hand to answer technical questions. Questions can be submitted ahead of time if preferred here at Let's Talk Squamish (Ask a Question) or by email to budgetfeedback@squamish.ca.

Join a small group discussion with one or two members of Council during the following opportunities:

November 1 - Members of Council will be available to chat with the community during these Coffee with Council events:

• 8-9 a.m. – Bean Around the World, 41340 Government Road, Brackendale
• 12-1 p.m. – The 55 Activity Centre, 1201 Village Green Way
• 5-6 p.m. – The Common, 38016 Cleveland Ave

November 15 - The next Mayor’s Drop-In will take place from 11:30 a.m. to 12:30 p.m. at Municipal Hall. This is another opportunity for small group budget conversation.