2021 Budget Proposes No Increase to Tax Rate and Re‐investment in future asset renewal

Wed, March 10, 2021

The City’s Finance Department gave the community a first glance at the proposed Operational Budget for 2021 at the March 8, 2021 Council meeting. This year’s budget proposes no increase to the residential mill rate, and reserving the surplus derived from new taxation resulting from industrial builds for future emergency and/or planned asset renewal.

“For yet another year we have been able to hold the line on taxes and make necessary and key investments in City infrastructure. We are happy to hold the 2020 paving budget which was increased 100% in last years’ budget and be able to proceed with ideas generated through the Rupert 2030 vision” said Mayor Lee Brain. “The financial plan reaffirms Council’s commitment to addressing major infrastructure challenges such as the impending Water Treatment Facility and RCMP detachment. The pandemic hasn’t derailed these critical projects and staff have proposed a way to mitigate future increases for inevitable capital needs.”

Highlights of the 2021 budget include:

  •  No increase to tax rates
  •  Retention of the elevated paving budget
  •  Completion of the Woodworth Lake Dam
  •  Completion of new landfill cell
  •  Design of Water Treatment Facility
  •  Detailed design of RCMP Detachment
  •  Renewal of the CN Building
  •  Relocation of airport ferry

The full Powerpoint presented by Finance staff is available here: 2021 Budget Presentation

The Proposed 5 Year Financial Plan document, outlining the proposed budget, is available here: Proposed 5 Year Financial Plan and at the front desk of City Hall, and the Library. Please check what Covid related restrictions/processes are in place prior to going to City Hall or the Library for a paper copy.

Public Budget consultations will also be held March 22 and April 12 at 7:00pm during the regular Council meeting. Given the PHO orders currently in effect, please email questions to finance@princerupert.ca before 4pm on the dates noted above. Questions will be read during the Council meeting and answers provided.

The City has also launched a budget simulation here: City of Prince Rupert 2021 Proposed Budget Simulation This is your opportunity to provide feedback on your priorities.