On Tuesday December 3rd beginning at 5:30 pm Council will consider the five-year financial plan (2025-2029) which includes the 2025 budget.
As the District navigates cost pressures in areas such as policing, transit and infrastructure, Council is focused on balancing the need to address rising operational costs, continuing to improve and invest in existing services and infrastructure while minimizing the impact on taxpayers. The proposed budget outlines an increase of 6.45% on the municipal, policing and fire portion of taxes, reflecting Council’s commitment to meeting the District’s financial needs without placing excessive burdens on the community.
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A 1% tax increase translates to approximately $223,000 in revenue. The impact of the proposed 6.45% property tax increase to Lake Country property owners would be approximately a $178 yearly increase (or $15 monthly increase) on a single-family home assessed at $1 million.
Get Involved!
As 2025 budget deliberations start on Tuesday evening, it is important that everyone get involved and let Council know your thoughts on the proposed budget. Budget details can be found at Let’s Talk - Lake Country. Review the information and leave your questions/comments on the official webpage. Staff will ensure that all feedback received from the community on the 2025 draft budget is relayed to Council prior to adoption of the five-year financial plan.
Mark your calendar –Community Open Houses will be held at the end of January and early February of 2025. We hope you will participate in person and take the opportunity to speak with staff, Mayor and Councillors. Look for the scheduled dates and locations on Let’s Talk and stay informed as more content is published.
Important to note – aside from District official social media channels (Facebook and Instagram) – staff do not regularly monitor comments or conversations on external pages and groups.