Budget 2024

Project state
Active
brentwood busineses

On March 25, 2024, Council passed a motion to approve the Central Saanich 2024-2028 Financial Plan, with an overall tax increase of 7.20%. A final version of the 2024 Budget will go before Council April 8 and 22 for bylaw approvals. The final version of the plan was updated during budget deliberations to reduce the impact on tax payers so the average home tax increase for 2024 is now 7.20% or $172. This will continue to provide services expected from the community as well as invest in needed infrastructure replacements and new active transportation infrastructure. 

About the plan

Central Saanich’s 2024 Financial Plan lays out the District’s plans for 2024 as well as looks ahead through to 2028. The plan finances for the District’s 2024-2027 Strategic Plan as well as its regular operations, ambitiously responding to community feedback with modest impact to taxpayers. The budget strives to ensure the services support a great quality of life in Central Saanich while managing your tax dollars responsibly; for example, planning to build a bike lane when a watermain replacement project is underway and road work is required. 

Like all municipalities, the District is facing a variety of increased core costs such as labour contracts, increased interest rates and inflation, construction costs and rising vehicle and equipment costs. Each year the District works to balance increases to property taxes against services provided and long term planning for infrastructure replacement.  

The municipal budget makes up approximately half of property tax bills; the other half is collected for regional agencies; property taxes are mailed in May. 

2024 Financial Plan highlights 

  • The Central Saanich 2023 budget is balanced at approximately $61. M. The budget maintains the service levels and assets expected by the community.
  • Included in the plan for 2024 are $1.9 million of Projects and Strategic Initiatives, $3 million for improvements to our active transportation network, and continued escalated funding for both new and required future infrastructure replacements.
  • In recent years, we have been successful in receiving a number of grants. We were awarded 9 grants in 2023 for $7.4M.
  • The 2024 proposed property tax increase, based on the average home, is $172, approximately $14 per month. 
  • The plan eliminates business license renewal fees 
  • The plan also addresses the need for increased staffing to deliver the ambitious capital plan and number of strategic projects 

The budget process

Budget presentations to Council:

  • Monday, March 4, 2024, Budget Introduction and Operations presentation – Click here to access
  • Monday, March 18, 2024, Capital Plan and Strategic Implementation Plan - Click here to access

Thank you for your interest in the budget. The public engagement period has now ended. Feedback on the budget can be emailed to communications@csaanich.ca or you can speak with finance staff by phoning 250-544-4204—your input will be considered as we draft future budgets.