2021-2025 Financial Plan

2021-2025 Financial Plan

Planning has begun for the 2021 budget, 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. Read more about the annual budget development process.

2021 Budget Process

Port Coquitlam residents and businesses can expect a 2021 budget that maintains the city’s focus on getting the basis right – core municipal services – and recognizes the pandemic’s financial impact on local property owners.

Initial figures emerging from the 2021-2022 budget planning process indicate an increase in the range of 2.37 per cent ($70.58) for the average homeowner. While the proposed increase may change following Council deliberation and public consultation, the city continues to take a rigorous approach to financial management. The prudent budget will come on the heels of this year’s zero per cent tax increase for the average home, the result of a budget recalculation shortly after the pandemic hit with the intent to support residential and business property owners.

Overall draft budget direction:

  • The 2021 proposed operating budget reflects Council’s desire for efficient and effective city operations while addressing community needs and the public’s appetite for low municipal taxes.
  • The budget will carry through on Council priorities such as increased bylaw enforcement, enhancing the downtown and planning for climate change, along with some enhancements to core services – such as increased snow clearing, parks maintenance and litter collection – that residents have been asking for and have grown in importance in the past year.
  • Similar to past years, the draft budget also proposes an infrastructure levy, the equivalent of one per cent of the tax increase, to support future infrastructure replacement.

Learn more: Media Release – City Plans 2021 Budget Based on Core Services and Community Needs

 

 

 

 

Have Your Say with Let’s Talk PoCo

Port Coquitlam will unveil its new interactive and user-friendly online public engagement platform – Let’s Talk PoCo – for the 2021 budget process.

Check back in December 2020 for opportunities using these exciting new tools to share your thoughts and provide feedback on the draft budget.

Explore Our Business Plans

All City services and programs are reflected in the business plans developed annually by each department. Each plan includes the following sections:

  • Focus – description of department’s work
  • Environmental scan – internal/external influences impacting the department
  • Organizational chart – headcount and hierarchy of staff positions
  • Operating budget – including expenses and income
  • Breakdown of budget changes – explanation for
  • Measures and indicators – metrics to measure performance and identify trends

Please note that these plans may change based on budgeting decisions.

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)