The City of Parksville starts its 2025-2029 financial planning process this month with a community priorities survey.

Each year, the city creates a five-year financial plan which sets the priority services, programs and initiatives for the next five years and how the city will pay for them. 

Council will receive staff reports in October on asset management plans and preliminary funding analysis, followed by committee of the whole financial planning meetings with department and staff presentations.

Financial planning meetings will continue through November. Council will first consider a “provisional” financial plan bylaw with a goal to adopt that early in the new year to give city staff as much time as possible to implement council’s direction regarding 2025 operations and projects.

In April and May, staff will bring new and updated information to council, plus proposed property tax rates based on the BC Assessment Revised Roll, usually available by the end of March.

The 2025 to 2029 Amended Financial Plan and 2025 Tax Rates bylaws must be approved prior to May 15, per the Community Charter.

The community priorities survey is available online at Let’s Talk Parksville.