At their meeting on Monday, April 28 Kimberley City Council adopted the 2025-2029 Five Year Financial Plan Bylaw, as well as the Parcel Tax Imposition Bylaw and the 2025 Tax Rates Bylaw.
The bylaws were passed without any discussion, as they had been discussed at length over the previous three meetings, going back to November, 2024.
Readers can refer to past Bulletin articles for our coverage on the lead-up to this approval.
Following Monday's meeting, Mayor Don McCormick highlighted a few key points.
"All of our capital projects are fully funded, they’re not part of any tax increase, it’s coming from either reserves or grants, so that’s very positive," McCormick said. "The other key thing is that 1.5 per cent of the tax increase, the variable tax increase, is specifically for infrastructure funding and I think that’s pretty key. We need to bolster our reserves for future projects, and 1.5 per cent of the tax increase is specifically for that."
McCormick also mentioned the work the City has put into the Asset Management Plan, which they've used to prioritize projects since 2017.
"This is something that is well ingrained, and so we are in good shape as a result of that," he said.
Residents are encouraged to visit engagekimberley.ca to view the 2025-2029 Five Year Financial Plan, and all associated materials presented throughout the preceding budget deliberations, and share their thoughts or input on it. The overview on Engage Kimberley outlines all expenses for the next five years and their expected revenue sources.
The 2025 Parcel Tax is set for $215.73, a $2 increase from 2024. Funding the 2025 budget requires a 6.99 per cent increase over the combined total of the Property Value Tax and Flat Tax collected in 2024. The 2025 Property Tax deadline is July 2, 2025.
Based on the average single-family home in Kimberley being assessed at $574,954, property taxes collected for the municipality will increase by around $201.08 per year, or $16.75 per month.
The full overview can be seen here: kimberley.civicweb.net/document/126674
