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The City's 2021 Asset and Amenity Management Program recommended a long-term plan to prioritize the following community amenities:
Fire Hall Renewals
Twin-Pad Arena
Arts & Culture Centre
City Hall
Work is underway to address the first two priorities and preliminary estimates are:
Fire Hall Renewals at approximately $40M
Twin-Pad Arena at approximately $70-$80M
These projects can be debt financed, but funding has to be identified for the debt servicing costs.
What is being proposed?
Currently the City collects a fixed $2.1 million per year for infrastructure renewal. Because it's a fixed amount, it doesn't keep up with growth, inflation, or rising replacement costs.
Setting the levy as a percentage of taxation allows contributions to rise naturally with community growth and inflation. These increases compound year over year so the contribution stays aligned with asset renewal needs.
It is proposed to start the levy at 4.25% of property taxes and increase 1% each year for 5 years, until reaching 9% by 2030.
Why these percentages?
Following Asset Management BC's Long-Term Financial Plan for Asset Management Guide, the City's general fund should be set at $4.5 million (approximately 9% of property tax) in order to sustainably plan for replacing and renewing its assets. Currently, the City is contributing approximately a net amount of $1.9M annually, a shortfall of $2.6M or 5.2% of property taxes.
How can I participate?
Recognizing an increase of 5.2% in addition to other regular annual increases would be a significant burden on taxpayers, the City is asking residents whether they support the proposed percentage approach.
Attend the public presentation followed by Q&A Thursday, Sept. 4, 2025 5:00 pm Council Chambers, Second Floor, City Hall - 171 Main Street
Complete the feedback form by September 8
The City's 2021 Asset and Amenity Management Program recommended a long-term plan to prioritize the following community amenities:
Fire Hall Renewals
Twin-Pad Arena
Arts & Culture Centre
City Hall
Work is underway to address the first two priorities and preliminary estimates are:
Fire Hall Renewals at approximately $40M
Twin-Pad Arena at approximately $70-$80M
These projects can be debt financed, but funding has to be identified for the debt servicing costs.
What is being proposed?
Currently the City collects a fixed $2.1 million per year for infrastructure renewal. Because it's a fixed amount, it doesn't keep up with growth, inflation, or rising replacement costs.
Setting the levy as a percentage of taxation allows contributions to rise naturally with community growth and inflation. These increases compound year over year so the contribution stays aligned with asset renewal needs.
It is proposed to start the levy at 4.25% of property taxes and increase 1% each year for 5 years, until reaching 9% by 2030.
Why these percentages?
Following Asset Management BC's Long-Term Financial Plan for Asset Management Guide, the City's general fund should be set at $4.5 million (approximately 9% of property tax) in order to sustainably plan for replacing and renewing its assets. Currently, the City is contributing approximately a net amount of $1.9M annually, a shortfall of $2.6M or 5.2% of property taxes.
How can I participate?
Recognizing an increase of 5.2% in addition to other regular annual increases would be a significant burden on taxpayers, the City is asking residents whether they support the proposed percentage approach.
