The Town of Sidney aims to balance the provision of high quality services with affordable taxes for residents and businesses. Since the needs and wants within the municipality are often greater than what the municipality and community can afford at one time, choices must be made.
Current and previous financial plans can be found below. The plans are developed on an annual basis and look ahead to the next five years, as required by the Community Charter.
2024 Budget Approved
The 2024-2028 Financial Plan was introduced to Council and the public on February 5th. The draft financial plan started out with a proposed general tax increase of 8.42%. This amount included several internal and external requests that had not yet been approved by Council, and was simply a starting point for budget deliberations.
Over the course of the budget process, Council reduced the general tax increase to 6.04%. The impact of this tax increase to the average residence is about $102 for the year, or $8.50 per month.
Budget Materials
Copies of the staff slideshow presentations are linked below, along with the public budget document. Please note that the items should be considered together. Reading the document without also checking out the slideshow presentations will likely not provide enough information. The Council meetings were also recorded, as are all Town Council meetings. For a more complete picture of the budget process, slideshows may be viewed together with the recording of that meeting.
BUDGET INTRODUCTION: FEBRUARY 5
- February 5 Slideshow Presentation of 2024-2028 Draft Financial Plan
- Video: Initial Budget Presentation at February 5 Council Meeting (Begins at 1:44)
BUDGET DELIBERATIONS: FEBRUARY 20
- February 20 Slideshow Presentation of 2024-2028 Draft Financial Plan
- Video: Budget Deliberation at February 20 Council Meeting (Begins at 26:00)
- Staff Report: Additional Budget Notes from February 20 Council Meeting
FINAL BUDGET DELIBERATIONS: MARCH 5
- March 5 Slideshow Presentation of Updated 2024-2028 Draft Financial Plan
- Video: Final Budget Deliberations at March 5 Council Meeting (Begins at 10:09)
- Staff Report: Final Budget Notes from March 5 Council Meeting
ADDITIONAL RESOURCES:
The 2023 general tax increase was 4.57%. The impact of this tax increase to the average residence was about $79 for the year, or $6.58 per month.
If you have any questions or would like any additional information, please contact the Finance Department by email at finance@sidney.ca or by phone at 250-656-1184.