2019-2023 Financial Plan

Planning for the 2019 budget began in 2018 with the development of business plans, which set out each department’s planned activities and their related costs. More info about City budgets.

The draft budget based on these business plans was presented at the Feb. 12, 2019 Council meeting.

Budget Consultation: March 4-25

Public consultation on the proposed budget will take place until March 25, 2019 and include the following:

  • Budget at a Glance mailout with survey, delivered to properties the week of March 4.
  • More detailed information and an online version of the survey until March 25.
Draft Budget Details

The draft 2019 budget maintains the City’s focus on infrastructure, community livability and building a new Port Coquitlam Community Centre downtown.

As in past years, the draft operating budget includes funding for long-term infrastructure replacement, and the construction and eventual operation of the Community Centre.

Additional proposed ongoing enhancements include:

  • Share of six new RCMP officers focused on emerging issues (ongoing – 2019: $106,600)

Additional proposed one-time enhancements (funded through surplus and reserve accounts) include:

  • User-friendly downtown directional and parking signs ($13,500)
  • Digitization of property records ($60,000)
  • Continuing asset management work for the long-term management of City infrastructure ($250,000)
  • Funding for the new Port Coquitlam Event Society ($120,000)
  • Support for Port Coquitlam Community Foundation ($20,000) Coquitlam River Watershed Roundtable ($15,000) and Port Coquitlam Heritage and Cultural Society ($35,000)
  • A large video screen and speakers for the Remembrance Day ceremony ($10,000)
  • Funding to increase marketing of City’s recreation programs, events and other services ($43,500)

Factors Affecting the Budget

Current Council Priorities: 

  • Infrastructure: Maximizing the life of infrastructure assets and saving for their replacement. 
  • Community Centre: Building a vibrant new hub in downtown Port Coquitlam with new and enhanced amenities.
  • Livable Community: Projects include updating the Official Community Plan and Environmental Strategic Plan, implementing the Cultural Plan and Master Transportation Plan, supporting public safety, and strengthening relations with Kwikwetlem First Nation.

Other Factors: 

Internal

  • Increased staffing costs based on labour contracts and Council policy. 

External

  • Increased costs for Hydro, ICBC, fuel and natural gas.
  • Increased costs for water and sewer disposal.
  • Increased costs for police and library services.
  • Reduced revenue from development fees. 

Efficiencies and Savings: 

Staff perform ongoing reviews of the budget to identify potential areas for efficiencies or savings.

For 2019, this review resulted in some reductions to budgets to adjust for vacancies and contract savings.

Where Your Taxes Go

Taxpayer Impact

How to Read the Charts:

  • Property Tax: Represents only the City’s portion of taxes. The property tax bill will also include regional and provincial taxes (e.g. schools, TransLink, Metro Vancouver).
  • Solid Waste Levy: A flat user fee based on the services provided to a property, included on the property tax bill.
  • Water and Sewer Levy: Flat user fees based on the services provided to a property. These appeared on the spring utility bill.
  • Parcel Tax: A $25 flat amount applied to every property from 2017 to 2020 for the Port Coquitlam Community Centre. Calculated separately from taxes but also included on the property tax bill.

Pay Monthly!

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.

Property Assessment Impact

Overall, Port Coquitlam residential assessments rose an average of 6.45% from last year (your assessment notice will show your home’s assessed value increase or decrease.)

Properties whose assessment rose more than 6.45% will pay more than the average tax increase, while those whose assessment rose less than 6.45% will pay less.

Because assessments for multi-family homes increased far more than those for single-family homes, multi-family homes may see larger tax increases in 2019 than single-family homes.

Business Plans

Department business plans form the basis for each new budget. 

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)