Budget 2024

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The 2024 budget cycle is complete. Now, staff can begin implementing it. See you later this year when we get started on the plan for 2025!

A speech bubble containing the words BUDGET 2024

BACKGROUND

Municipalities own, maintain, and operate a wide range of infrastructure to support the provisions of needed and desired services for their communities. Examples of these assets include:

  • police and fire stations
  • roads and sidewalks
  • street lighting
  • pipes and facilities for disposal of sewer and storm water
  • arenas, pools, sports fields, and playgrounds
  • and more

Growth in the community requires expansion to existing infrastructure to provide municipal services for new residents and businesses. Councils are continually challenged to maintain current infrastructure and services while also addressing the demand for enhanced and new services—and keeping it all within affordable levels for their communities.

Whether your garbage is being collected, your street is being plowed, or you are visiting the splash park, you are witnessing your tax dollars at work. It is municipal budget decisions, at the direction of Mayor and Council, that set the funding levels for the programs and services that maintain your quality of life. Developing this budget involves making difficult decisions between essential programs, infrastructure demands, and the wants and needs of residents.

The City of Terrace needs to ensure it is budgeting adequately to maintain long-term financial stability for the future of the community as well as focusing on the wants and needs of today.

BACKGROUND

Municipalities own, maintain, and operate a wide range of infrastructure to support the provisions of needed and desired services for their communities. Examples of these assets include:

  • police and fire stations
  • roads and sidewalks
  • street lighting
  • pipes and facilities for disposal of sewer and storm water
  • arenas, pools, sports fields, and playgrounds
  • and more

Growth in the community requires expansion to existing infrastructure to provide municipal services for new residents and businesses. Councils are continually challenged to maintain current infrastructure and services while also addressing the demand for enhanced and new services—and keeping it all within affordable levels for their communities.

Whether your garbage is being collected, your street is being plowed, or you are visiting the splash park, you are witnessing your tax dollars at work. It is municipal budget decisions, at the direction of Mayor and Council, that set the funding levels for the programs and services that maintain your quality of life. Developing this budget involves making difficult decisions between essential programs, infrastructure demands, and the wants and needs of residents.

The City of Terrace needs to ensure it is budgeting adequately to maintain long-term financial stability for the future of the community as well as focusing on the wants and needs of today.

The 2024 budget cycle is complete. Now, staff can begin implementing it. See you later this year when we get started on the plan for 2025!

  • Final Adoption of 2024-2028 Financial Plan Bylaw

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    At the council meeting on Monday, February 12, 2024, council adopted the following bylaws:

    • 2024-2028 Financial Plan Bylaw
    • Sewer Connection and Rates Amending Bylaw
    • Water Distribution and Sale Amending Bylaw
    • Sewer Frontage Tax Amending Bylaw
    • Water Frontage Tax Amending Bylaw

    All these bylaws are available on our website. Click here to head to the bylaws page now.


  • 2024 Budget Consultation Results

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    At the January 8, 2024, regular council meeting, staff presented the results of the 2024 Budget Consultation.

    Each year, the City is required under the Community Charter to hold public consultation on the upcoming budget and 5-year financial plan. This year, as in the past two years, our consultation included a comprehensive budget overview document for the public to review online or on paper. Following public feedback, we simplified the questions this year and also removed the registration requirement for online feedback through Engage Terrace.

    We collected feedback from November 29 to December 22, 2023, and received 31 responses, all online. This is comparable to the 25 received in 2023 and the 34 in 2022.

    This year, we also included an in-person component, providing members of the public with the opportunity to comment in person or online through Microsoft Teams at last night's meeting. However, no members of the public were present.

    The feedback received through Engage Terrace is available below, along with the report to council accompanying it.

    Download the consultation results PDF here

    Read the report to council here

    You need to be signed in to add your comment.

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  • 2024 Budget Consultation

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    The City of Terrace is developing the 2024 Budget and would like to hear from the community!

    Council is currently considering the 2024 to 2028 Financial Plan, with a focus on the 2024 Budget, and your feedback is important.


    Read through the information provided in the 2024 Budget Consultation for information on the City’s budget and provide comment:

    • ONLINE: Visit engage.terrace.ca/budget2023 to provide comment.
    • ON PAPER: Printed copies are available at:
      • Terrace City Hall: 3215 Eby St
      • Terrace Public Library: 4610 Park Ave
      • Happy Gang Centre: 3226 Kalum St
    • IN PERSON: Provide comment in person at the regular council meeting on Monday, January 8, 2024.


    All surveys must be received by Friday, December 22, 2023. Please return printed surveys to City Hall, 3215 Eby St, V8G 2X8.

    The responses will be compiled and presented to Council on Monday, January 8, 2024.


    View the 2024 Budget Consultation Document

    Provide Comments Online Now (CLOSED)

  • November 9, 2023 - General Operating Budget Meeting

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    Our budget 2024 process continues. Tonight, there will be further discussion on the 2024 General Operating Budget based on feedback from the previous budget meetings. Staff will be recommending two options for Council to consider as next steps.

    JOIN IN:

    Thursday, November 9, 2023
    5:30 pm
    Online only

    Learn how to participate

    View the meeting agenda

  • October 26, 2023: Operating and Capital Budgets Meeting

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    Our budget 2024 process continues. Tonight, we have a variety of items on the agenda:

    • Terrace & District Museum Society capital projects proposals for Heritage Park: Council requested information on proposed capital projects during a previous meeting.
    • Fire Department staffing request follow-up: Council requested more information about operational requests during the last budget meeting.
    • Draft General, Sewer, and Water operating and capital budgets: Staff will be presenting the current draft budget based on feedback in the previous budget meetings for Council’s consideration, and will be recommending staff proceed to the public consultation phase of the budget process.

    JOIN IN:

    Thursday, October 26, 2023
    5:00 pm
    Online only

    Learn how to participate

    View the meeting agenda

  • Citizen Satisfaction Survey Results

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    On October 12, 2023, the results of the 2023 Citizen Satisfaction Survey were presented to Council and staff. The responses from this survey will help the municipality understand your priorities and opinions on the services we provide. We will use this information as a foundation to help us better plan our 2024 budget with Mayor and Council. The results will also help rate our performance and track priorities over time.

    Watch the video here:

    Or follow this link to watch on Facebook: Click here to watch


    Other documents:

    See the presentation slides

    Read the survey report


    To stay informed about this and other engagement opportunities, sign up on Engage Terrace:

    Register now

  • October 12, 2023: Draft General, Sewer & Water Operating Budget Meeting

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    Our budget 2024 process continues. Tonight, we look at our operating costs.

    Last week, staff presented capital projects and expenses—these are our long-term investments in our infrastructure and facilities, like road reconstruction, park upgrades, equipment replacement, sewer and water infrastructure, and other one-time costs. Generally, these are paid for through our reserve fund as well as grants we apply for (something we do a lot!). Staff outlined our plans for next year as well as our goals for the four years after that, as required by the Community Charter, for Council to review.

    Tonight, we’ll be talking about the operating costs—that’s our ongoing, repeated expenses for things like staff wages, utilities, and supplies. These costs are generally paid for with property taxes and user fees (and we usually aren’t allowed to use grants for operating costs). We’ll also be sharing the results of our Citizen Satisfaction Survey so Council and staff can consider them before the budget is finalized.

    JOIN IN:

    Thursday, October 12, 2023
    5:00 pm
    Online only

    Learn how to participate

    View the meeting agenda

  • October 4, 2023: General, Sewer & Water Capital Budget Meeting

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    Our budget schedule is well underway. Tonight, we dive into the 2024 budget focusing on the 2024-2028 capital plan.

    This meeting covers our capital projects and expenses—these are our long-term investments in our infrastructure and facilities, like road reconstruction, park upgrades, equipment replacement, sewer and water infrastructure, and other one-time costs. Generally, these are paid for through our reserve fund as well as grants we apply for (something we do a lot!). Staff outline our plans for next year as well as our goals for the four years after that, as required by the Community Charter, for Council to review.

    Next week, we’ll be talking about the operating costs—that’s our ongoing, repeated expenses for things like staff wages, utilities, and supplies. These costs are generally paid for with property taxes and user fees (and we usually aren’t allowed to use grants for operating costs). We’ll also be sharing the results of our Citizen Satisfaction Survey at next week’s meeting so Council and staff can consider them before the budget is finalized.

    The public is welcome to join this meeting and ask questions at the end, if desired, by joining our Teams call. The meeting will also be live-streamed through the City of Terrace Facebook page, as usual.

    JOIN IN:

    Wednesday, October 4, 2023
    5:00 pm
    Online only

    Learn how to participate

    View the meeting agenda

  • Welcome

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    More information will be coming to this page soon, so please stay tuned. In the meantime, be sure to take our Citizen Satisfaction Survey, an important step we take prior to budget season.

    Click here for this year's Citizen Satisfaction Survey