2020-2024 Financial Plan
The City uses a two-year budget process to improve efficiency and facilitate long-term planning. It is renewed each year with a focus on the current year’s budget and taxes.
The budget is also part of a five-year financial plan that sets out the planned services and initiatives for the next five years, and how the City will pay for them.
2020-2021 Budget: Have Your Say Jan 28 – Mar 1
Growth and reduced debt costs will contribute to another year of low tax increases in Port Coquitlam in 2020.
The draft $110-million operating budget will see the average Port Coquitlam home assessed at $735,517 paying 0.48 per cent more for municipal taxes in 2020, while enjoying service enhancements such as year-round weekly organics pickup and increased bylaw enforcement.
Businesses will also fare well: industrial taxes will go up 0.96 per cent and commercial taxes will decline by 0.11 per cent.
Proposed service enhancements for 2020 include:
- Year-round weekly organics collection starting this fall, ending the former biweekly schedule from fall to spring,
- Additional bylaw enforcement, following a service review and public input on priority areas,
- Enhanced emergency medical response training for firefighters,
- Increased frequency of robotic CCTV inspections of the storm system from every 20 years to every 10 years to identify cost-effective maintenance and repairs that can extend the service life of pipes,
- Funding to support ongoing operations and new initiatives of the PoCo Sports Alliance, an independent body representing the sports community,
- Two additional large LED screens and audio package to improve viewing at the annual Remembrance Day services, and
- Project management of strategic initiatives such as the Downtown Action Plan, SkyTrain feasibility study and police services review.
There will also be a one-time enhancement for arts and culture activities in downtown public spaces, including for Christmas in Leigh Square and a six-month artist-in-residence at Lions Park with an eco-art focus.
Check back Jan. 28, 2020 for more details, including tax impact. As in past years, information and a survey will be mailed to homes and posted on this page. Public input collected will inform decisions throughout the year.
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)