Budgets and Financial Plans
Every year City Council and City staff work together to develop an annual budget and Five-Year Financial Plan.
City services impact your everyday life. Each time you borrow a book from the library, have your garbage and recycling picked up, drink clean water from the tap or have emergency services rush to your aid - you are using a City of Castlegar Service.
That's why the City's budget is so important - it is about setting our collective goals and building a great City. It determines the level of service provided to Castlegar residents and guides decisions on what City infrastructure will be purchased, built and repaired.
The budget serves as an outline for how money that comes into the City should be spent to maintain and improve the City. The City is limited in the number of resources available and the budget helps determine which objectives have the highest priority and will have the greatest positive impact on the community.
About the City Budget
Operating Budget:
The operating budget covers day-to-day spending on services such as parks maintenance, public health, city roads, policing and other emergency services. Approximately 55 per cent of the funds for the operating budget comes from property taxes. The remainder comes from provincial grants and user fees.
Capital Budget:
The capital budget funds the City's infrastructure that supports service delivery. It pays for the construction and repair of roads, public buildings such as fire stations, library, and parks. The City of Castlegar updates and presents a new Five-Year Capital Budget and Plan each year as part of the budget process. The capital budget is primarily funded from reserves, grants from other levels of government and borrowing.
Budget Meetings:
All budget meetings are open and will be broadcasted live via Zoom. Information about the meeting dates and times can be found below.
City staff will present the departmental operating and capital budgets at these meetings which will be broadcast live via Zoom.
The public is encouraged to get involved in the budget process by tuning in to ask questions and provide ideas and input into the budget.
Contact:
For inquiries, comments and questions about our Annual Reports and/or Financial Plans, contact the Financial Services Department at:
460 Columbia Avenue
Castlegar, BC V1N 1G7
Email: finance@castlegar.ca
Phone: 250-365-7227