News

Council Adopts Financial Plan and Tax Rate Bylaws

22 April 2025

At the April 15, 2025 Regular Council meeting, Council adopted Financial Plan Bylaw No. 16-330, 2025, and Tax Rates Bylaw No. 63-2, 2025, which map out the City's revenue and spending for the next five years and indicate the amount to be collected from all classes of property owners in Kamloops for 2025. The proposed operating budget and tax rates were completed throughout a lengthy budget development process and review of various priorities. The residential property tax increase is set at 7.42%.