2016-2020 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.

2016 Budget Details

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

Impact on taxpayers

The budget includes a 2.99% municipal tax increase and a zero increase in utility fees (sewer, water and waste), which amounts to about $60 more for the average residential property.

However, the actual amount of the increase will depend on whether the property’s assessed value increased more or less than other properties (in 2016, assessed values for residential properties went up an average of 12.8 per cent).

Even with the increase, Port Coquitlam taxpayers continue to pay less for city services than the average Metro Vancouver municipal taxpayer.

Property tax notices will be mailed out the week of May 23, and tax payments for 2016 are due on July 4. A five per cent penalty is applied to taxes paid after that date, and a further five per cent penalty is applied after Aug. 15.

Enhancements

In total, the budget included $1.1 million in enhancements, offset by $428,800 in savings and efficiencies and $454,500 from reserve or surplus accounts.

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.
Other budget highlights:
  • A new environmental planner.
  • New software to improve efficiency in preparing meeting agendas and minutes.
  • New two-page property tax notices that enhance information to taxpayers.
  • The development of parklets (outdoor public seating areas in the street).
  • The upgrade of an existing position to lead, plan and deliver arts, cultural and heritage services.
  • Support for the Port Coquitlam Heritage and Cultural Society and the PoCo Sports Alliance.
Capital projects:

The $11.3 million in proposed capital projects will pay for a variety of vehicle, equipment, roads, technology, parks and building projects, including:

  • Upgrading Pitt River Road and McLean Avenue from Mary Hill Road to Kingsway Avenue.
  • Construction of the Nicola Avenue connection in the Dominion Triangle area.
  • Upgrades to the Sun Valley Wading Pool and Spray Park, half of which were funded by a federal grant.
  • Repairs that will extend the life of the Coquitlam River bridge on Lougheed Highway.
  • Additional columbarium niches at Port Coquitlam cemetery to meet demand.
  • City website upgrades for better integration with mobile devices and online services.

2016 Budget Development

Public consultation is a critical part of each year’s budget development. The process began with the presentation of business plans (see below) that outlined proposed services and projects to be included in the 2016 budget.

The presentations were held in January. Video recordings of the presentations can be viewed here and the business plans can be viewed below.

In February, budget details were mailed to all homes and provided online and in print, including:

Department 2016 Business Plans

Please click the links to view a PDF of the business plan.

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)