Budget Consultation 2023

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As the City prepares the 2023 budget, it faces many of the same challenges that local businesses and members of the community are facing. There are some lingering effects as we emerge from the COVID-19 pandemic. Increased competition for skilled employees, ongoing supply chain issues, and the high level of inflation in the market all continue to be unpredictable and impact many of the operations and services the City provides. Since the beginning of the COVID-19 pandemic in spring 2020, City operations and service delivery have been anything but normal.

While the response is constantly shifting, a certainty is that the global economics have been considerably volatile. As with the past three financial years, the City must once again make appropriate adjustments along with financial assumptions in preparing its 2023 budgets and 2023–2027 Five-Year Financial Plan. Unlike last year, the City has adapted this year’s financial planning process considering an expected move back to normal social interactions. As a result, City revenues are expected to return to near pre-pandemic levels. Changes in the social environment resulted in a 2022 Council decision to gradually increase the funding for the local RCMP complement, which is being phased in over several years.

On this page, learn more about key budget timelines and processes, view documents, infographics, videos, and ask questions of the City's finance managers.

For historical budget documents, including the City's financial statements, visit the City's budget website.

Click here for historical information on last year's 2022 Budget Consultation.

As the City prepares the 2023 budget, it faces many of the same challenges that local businesses and members of the community are facing. There are some lingering effects as we emerge from the COVID-19 pandemic. Increased competition for skilled employees, ongoing supply chain issues, and the high level of inflation in the market all continue to be unpredictable and impact many of the operations and services the City provides. Since the beginning of the COVID-19 pandemic in spring 2020, City operations and service delivery have been anything but normal.

While the response is constantly shifting, a certainty is that the global economics have been considerably volatile. As with the past three financial years, the City must once again make appropriate adjustments along with financial assumptions in preparing its 2023 budgets and 2023–2027 Five-Year Financial Plan. Unlike last year, the City has adapted this year’s financial planning process considering an expected move back to normal social interactions. As a result, City revenues are expected to return to near pre-pandemic levels. Changes in the social environment resulted in a 2022 Council decision to gradually increase the funding for the local RCMP complement, which is being phased in over several years.

On this page, learn more about key budget timelines and processes, view documents, infographics, videos, and ask questions of the City's finance managers.

For historical budget documents, including the City's financial statements, visit the City's budget website.

Click here for historical information on last year's 2022 Budget Consultation.

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  • Supplemental Budget Items

    2 months ago
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    Each year, Council considers proposals for additional expenses (or cost savings) after reviewing the provisional budget.

    A supplemental budget item is something that relates to one of two things.

    1. It is something new, like a pickleball court or a skateboard park. Many times, these items are identified by both individual members or groups in the public or City staff, requesting Council to fill an identified need to the City.

    2. It is a change to the level of a service currently provided which will require additional resources or funding. For example, increasing the hours of transit or hiring additional staff to support the RCMP or the City's firefighting staff. These services are currently delivered to a certain level, adding to it changes the service level and the costs should Council approved the request.

    The supplemental budget items that Council will be considering for the 2023-2027 five-year financial plan will be released for discussion in February.

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Page last updated: 25 Jan 2023, 03:23 PM