2014-2018 Financial Plan

The City updates its five-year financial plan each year to ensure the City’s finances are managed responsibly and reflect the priorities identified by the community.

The financial plan, which includes the current year’s budget and taxes, sets out the planned services and initiatives for the next five years, and how the City will pay for them. Read more about the budget development process.

2014 Budget Details

Four new police officers, a new recreation complex and infrastructure are the top investments in the 2016 budget.

Impact on taxpayers

City Council adopted the 2014-2018 Financial Plan Bylaw on March 24 with a -0.21% tax change from 2013 – a savings of $4.08 for the average single-family home.

The 2014 budget includes more than $1.2 million in one-time and ongoing enhancements, of which close to $926,000 are funded through surplus accounts and do not affect 2014 taxes.

Other sources of funding include revenue generation (such as finding sponsorship for dog waste bags) and about $408,000 in savings from eliminated vacant positions and service-level changes.

Enhancements

For the fourth year, the budget also includes a 1% infrastructure levy to fund the future replacement of infrastructure such as roads, water and sewer systems, and buildings.

The $12.5 million capital budget includes replacement of the Jaws of Life; more than $960,000 in upgrades to athletic fields, parks and trails; road and sidewalk improvements; new recreation and financial software; and a number of fleet replacement and infrastructure maintenance projects.

More than two-thirds of the tax increase will pay for:
  • Four officers for a new RCMP Uniformed Crime Reduction Unit that will increase police visibility and provide peak period coverage at crime hotspots (an additional three officers are planned for 2017).
  • Saving and continued planning for a new Community Recreation Complex that will replace aging recreational facilities in the downtown and provide community gathering spaces.
  • Replacement of aging infrastructure such as buildings and roads. As in previous years, the 2016 budget sets aside the equivalent of one per cent in taxes ($585,000) for the replacement of infrastructure.
List of Enhancements
  • An additional police officer,
  • Planning for a new Community Recreation Complex on the site of the aging Port Coquitlam Recreation Complex and surrounding city-owned lands,
  • Updating the Official Community Plan, a key land use planning document,
  • Extra funds to extend maintenance of city buildings, and
  • Additional funds for a Self-help Matching Grant program that supports community improvement projects.
Utilities

The water levy increased 2.3%, but there was no increase for either sewer and solid waste levies.

This is the fifth year with no increase to the solid waste levy, as rising disposal fees continue to be offset by the diversion of waste away from the landfill.

Budget Development

Public consultation is an important part of each year’s budget development process. In January, the City mailed budget details to every home and provided budget information in print and online to encourage more citizens to give us their feedback – and received a record number of responses (almost 950).

The initial draft budget included a -0.34%  tax change. Based on public feedback, Council made three changes from the draft budget.  Council decided:

  • not to reduce youth centre hours during off-peak times,
  • not to reduce customer service hours at Leigh Square Community Arts Village, and
  • not to charge West Coast Express commuters for parking in the Port Coquitlam Recreation Complex parking lot.

Council also ultimately decided not to add a 1.26% levy ($25/household) to replace the aging recreation complex. The 2014 budget includes funds for planning a new Community Recreation Complex and Council also opted to hear the results of the planning process, including how a new complex might be funded, before collecting tax dollars for this purpose.

Provide Your Feedback

budget box header

The public is invited to comment year-round on the City's Financial Planning process through:

Contact

Tel 604.927.5280
Email budget@portcoquitlam.ca

Location and Mailing Address

City Hall, 1st Floor
2580 Shaughnessy Street
Port Coquitlam BC  V3C 2A8

Business Hours: 8:30 am to 4:30 pm, Monday to Friday (excluding statutory holidays)