The 2025 Operating and Capital Budget was put to council’s consideration at first reading on December 3, 2024. Between then and the Council Meetings for second and third readings held on February 18, 2025, Council welcomed community input on the proposed budget through the Let’s Talk platform and two community Open Houses held on January 28 and February 6, 2025.
After Council’s deliberation in February, the approval of Lake Country’s 2025 Operating and Capital Budget, as part of the five-year financial plan, will result in a 6.45 percent increase on the municipal portion of property taxes, which represents an approximate increase of $169 (or $14 monthly increase) on a typical (median) single-family home assessed at $930,000.
"Council has worked diligently to strike a balance between maintaining the service levels our community expects during this time of rising costs and challenging times while implementing a tax increase that we anticipate will remain stable in the years ahead" Mayor Ireland says. "This stability and predictability enable effective long-term planning, allowing us to continue delivering exciting new projects for the community without the burden of significant tax hikes each year."
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.
“We believe this budget sets our staff up to deliver some incredible projects that enhance the community in addition to providing the day-to-day services everyone expects” Trevor James, Chief Financial Officer says. “We really appreciate all the questions, comments and feedback received from the community during the engagement process.”
View the 2025-2029 Financial Plan
For more information contact:
Trevor James, CPA, CA
Chief Financial Officer
tjames@lakecountry.bc.ca