Budget Continues Focus on Infrastructure, Livability and Recreation

Port Coquitlam residents have until Feb. 12 to comment on a draft budget with a focus on infrastructure, livability and the new Community Recreation Complex and tax increases of well under two per cent.

The $88.8-million operating budget proposes increases in municipal taxes and levies ranging from 1.23 to 1.29 per cent for homes and from 1.29 to 1.73 per cent for businesses.

Information about this year’s budget will start arriving in mailboxes across Port Coquitlam this week, and more details and a survey will be posted at www.portcoquitlam.ca/budget until Feb. 12. As this is year two of the 2017-18 operating budget adopted last May, proposed changes for 2018 are primarily related to emerging needs and changing conditions.

“This budget once again strikes a balance between meeting our current needs and planning for the future,” Mayor Greg Moore said. “We greatly value the input our community has given us in the past years. We encourage you to do the same this year by filling out our survey to let us know what’s important to you.”

Based on the draft budget, total taxes and levies for Port Coquitlam homeowners would increase as follows:

There is no proposed increase to the water levy. The tax bill will also include a $25 parcel tax (a flat amount to be applied to all properties from 2017 to 2020) for the recreation complex.

For businesses, municipal tax increases will also average under two per cent. Tax rates vary based on property value and use of water, but as examples, proposed increases are 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.

“This year’s budget continues to reflect what we hear from the community about the need to focus on our roads and other core infrastructure, as well building our new Community Recreation Complex,” said Cllr. Dean Washington, who chairs the Finance and Budget committee. “We appreciate the public’s patience as we tackle the high volume of construction work planned for this year.”

Operating budget highlights for 2018 include:

Offsetting the 2018 expenditures will be $349,000 in Public Works savings and efficiencies.

Capital projects in 2018 will include:

The City has also looked ahead to 2019, and highlights of planned capital projects include:

After the public consultation period ends, the results will be compiled for Council consideration. Final budget deliberations are scheduled for March, and the bylaw readings and adoption are scheduled for April and May. Dates for Council deliberations will be posted at www.portcoquitlam.ca/budget.

For more information about the budget, visit www.portcoquitlam.ca/budget or contact budget@portcoquitlam.ca or 604.927.5280. Public consultation materials and the survey will be posted by Feb. 12.

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For additional information, contact:
Farouk Zaba
Manager of Financial Planning and Systems
City of Port Coquitlam
Tel: 604.927.5280
Email: zabaf@portcoquitlam.ca