2018-2022 Financial Plan
Council recently amended the draft budget to add an extra $450,000 to street maintenance in this year’s budget, which already includes $23.6 million for neighbourhood roadworks and $1.44 million for sidewalk and crosswalk improvements.
Most of the new road funds will come from reserve accounts so won’t have a direct impact on taxpayers this year. The budget, which received three readings from Council on Mar. 27 and is scheduled for adoption on Apr. 10, includes municipal tax and levy increases ranging from 1.23 to 1.29 per cent for homes and from 1.29 to 1.73 per cent for businesses.
Highlights for 2018
The 2018 budget maintains the City’s focus on infrastructure, community livability and building a new Community Recreation Complex.
The city’s work plan highlights for 2018 include:
- Continuing construction of the Community Recreation Complex,
- Rehabilitating or replacing approximately three kilometres of road, water, sanitary and storm infrastructure,
- Increased crack sealing, line painting and other road maintenance,
- Sidewalks, pedestrian safety and traffic calming improvements,
- Cycling improvements and other active transportation projects;
- Year one of a four-year program to convert city streetlights to LED,
- Funding two new firefighters to keep up with increasing call volumes
- Expanding Terry Fox Library hours to include all Sundays, except for long weekends,
- Hosting the third annual PoCo Grand Prix,
- Developing a new community garden with participation by people of all ages,
- Completing upgrades to Centennial Pool,
- Extending the Donald Street Pathway,
- Upgrading Fox Park playground,
- Coordinating the municipal and school board election
Total taxes and levies for Port Coquitlam homeowners will increase as follows:
- Average single-family home assessed at $960,179: 1.23 per cent increase, or $41.16 (including a $12.24 increase in the sewer levy and $3.37 increase for the solid waste levy).
- Average townhome assessed at $648,887: 1.26 per cent increase, or $24.35 (including a $11.48 increase in the sewer levy).
- Average apartment assessed at $414,331: 1.29 per cent increase, or $20.62 (including a $10.88 increase in the sewer levy).
There was no increase to the water levy. The tax bill will also include the $25 parcel tax (a flat amount to be applied to all properties from 2017 to 2020) for the recreation complex.
Businesses can expect municipal tax and levy increases averaging under two per cent. Rates vary based on property value and use of water, but as examples, the increases will be 1.73 per cent for large industrial sites, 1.12 per cent for large format retail sites, 1.06 per cent for medium-sized retail sites and 1.29 per cent for small retail sites.
Sign up for the City’s Prepayment Plan to pay tax and utility bills in easy monthly installments. Monthly amounts are shown in the charts below.
More than 600 residents provided feedback to the draft budget during the public consultation period from Jan. 22 to Feb. 12 by filling out the annual budget survey and voting in social media polls. Of the 505 who took the survey, almost three-quarters (73 per cent) believe they receive good value for their tax dollars, with the highest marks going to fire, parks and trails services. As usual, budget information was mailed out to each home and provided in more detail online.
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)