Budget Ideas

The City’s budget is a projected financial plan that outlines the money the City will raise and spend within a year with forecasts for future years. It is the plan that aligns the City’s strategic priorities, financial indicators, and legislative powers with the services the City delivers to its residents every day. It also directs what infrastructure will be purchased, constructed, and repaired.

Operating Budget

The operating budget covers the day-to-day expenditures required to deliver services to residents. These costs return year after year and include items like staff wages, office supplies, and utilities. The City prepares and manages the operating budget to maintain programs and services like transit, road maintenance, snow removal, recreational trails and facilities, garbage collection, water and sewer services, and a variety of programs. The cost of operations at the City is paid for by property taxes and user fees.

Capital Budget

The capital budget is used for long-term investments in the City’s assets, infrastructure, and facilities. Major road repairs, machinery, and refurbishment of water and waste water infrastructure are all capital expenses. The cost of capital investments at the City is paid for through the use of the City’s reserves, and federal and territorial granting programs.