City Administration uses a wealth of analysis and input in the yearly budgeting process to predict costs and plan five years out to meet our community's growing needs. Key factors affecting the City’s financial planning in 2025 include political uncertainty and change within provincial, federal, and international governments, inflation, and operational cost impacts, such as rising fuel prices and BC Hydro rate increases. Labour and supply chain issues are also affecting City costs.

Considering these factors and past trends, the City drafts a provisional budget using zero-based budgeting to determine the costs that are necessary to deliver on Council-approved service levels.

Learn more about the 2025 budget and 2025–2029 Five-Year Financial Plan on this page. Find key budget timelines and processes; view documents, infographics, and videos; and ask the City's finance managers questions. There will be opportunities to engage and provide your input on this site through surveys and forums. Subscribe to get updates on the budgeting process, including alerts when surveys and forums are posted.

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