Annually, the Finance Department takes charge of formulating the City's yearly budget.
Budgeting Process
The annual budget development is a meticulous and collaborative effort spanning several months, requiring coordinated planning among City Staff and Council.
The city's overarching budgeting objective is to secure the long-term economic sustainability of the community through judicious fiscal planning.
Factors and Guidelines Influencing the Budget
Municipal spending is guided by the demands of residents, businesses, and visitors for services, balanced against the community's financial capacity to support these services. As infrastructure ages, financial commitments are necessary to ensure proper maintenance and refurbishment. The levels of service are set by City Counci
Recognizing taxpayers' expectations for value, a delicate balance is sought between service demands and the community's financial capabilities. The city is committed to ensuring the sustainability of services, programs, and facility commitments both presently and in the future.
Various factors influence the annual budget preparation, encompassing inflation, growth, development activities, economic trends, evolving market conditions, taxation considerations, and policy decisions by the Council.
