![]() ![]() Kelowna Well Positioned for Growth and Stability Learn about the priority asks, the challenges, and how the city budget affects your quality of life. The majority of revenue used to fund city operations comes from sources such as user fees and charges, reserves, surpluses and grants. On average, once the Financial Plan is adopted by Council in April and the annual tax rate is set, the City generates approximately 75 per cent of the total annual revenue through sources other than yearly property taxation. “The proposed public safety levy would provide a dedicated and predictable ongoing funding source for one of our highest community priorities and will allow for improved financial planning and forecasting for the future,” said Gilchrist. The 4.01 per cent increase includes the introduction of a one per cent public safety levy, indexed to the greater of growth and inflation or one per cent of the previous years’ taxation demand. Protecting Kelowna’s natural environment and addressing climate action through the reduction of greenhouse gas emissions.Īs proposed, the overall tax demand increase would result in a $91.68 increase (or $7.64 per month) for a single-detached home in Kelowna with an average value determined by BC Assessment.Digital transformation to improve operational efficiency, safeguard information, and make doing business with the City faster and easier.Transportation, with a focus on active and alternative modes to help keep Kelowna moving, now and into the future.Social wellness to address challenges related to homelessness and affordable housing.Community safety to reduce risk, vulnerability and harm in the community.Protecting existing infrastructure and planning for a city of the future. ![]() Financial prudence amid inflation to keep the tax demand increase as low as possible.Overall, priorities in the 2023 preliminary budget focus on these key areas: “Public feedback through engagement projects, the bi-annual citizen survey, daily correspondence to Mayor and Council and what we heard through the election – it all plays an integral part in prioritizing budget submissions.” “The preliminary budget prioritizes financial prudence amid inflation pressures to keep the tax demand increase as low as possible,” said City Manager Doug Gilchrist. Based on the average home price for similar cities in B.C., Kelowna property taxes are expected to remain in the mid-range. with the third-fastest growing downtown in Canada. Residents can tune into the deliberations via livestream at kelowna.ca/council.īetween 20, Kelowna’s population increased 13.5 per cent, making it the fastest growing city in B.C. Kelowna City Council will deliberate on the 2023 preliminary budget at an all-day public meeting, starting at 9 a.m. Proposed budget targets citizen priorities ![]()
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