The operating budget covers ongoing operating expenses of the City and the capital budget covers long-term investment in infrastructure.
The operating budget includes all anticipated expenditures and revenues related to the ongoing operations of the City. Expenditures include salaries, goods, services, and transfers to reserves. Revenues include property tax and user fees. The shortfall between expenditures and non-tax revenues results in the portion that must be raised by property taxes.
The capital budget includes money spent on building, buying or improving capital infrastructure such as roads, buildings, vehicles and major equipment.
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For 2019, the average home is valued at $389,413.
The impact on homes valued at $250,000, $500,000 & $750,000, is as follows:
The period for public input begins on February 27, 2019 and runs until March 12, 2019.
The public is encouraged to submit their comments as follows:
In writing to 216 Mackenzie Avenue
By mail to Box 170, Revelstoke, BC, V0E 2S0
Via email to email@example.com
In person at the Public Consultation meeting to be held on March 7, 2019 at 3pm in Council Chambers at Suite 102 – 103 Second Street East.
Each year the City identifies priorities, goals and initiatives that ensure good use of resources and link back to our Strategic Plan. Public input is key to the entire process and residents are encouraged to get involved. Here’s the how the process works:
Council Members provide direction and feedback on strategic priorities to guide the budget process
Finance department reviews business plans and budget requirements as submitted by the different departments, and makes recommendations to Council
Review includes revisions and reprioritization of needs, taking into consideration strategic priorities, associated costs and public input
Council reviews recommendations and approves budget
Most of the City’s funding comes from property taxes. Other sources of funding include:
Development charges (capital budget only)
Grants and subsidies from other levels of government (restrictions apply)
Contributions from reserves
The following chart shows how Revelstoke’s property taxes compare to similar municipalities in 2017. (The tax rates for other municipalities have not been set for 2019 and the Provincial database showing the 2018 tax rates is not available)
For 2019, the operating budget is $22,057,315.
The operating budget is funded with the following sources:
Cost sharing with the Columbia Shuswap Regional District
License and permit fees
The largest funding source is property taxes. The next largest is grants.
The 2019 operating budget includes the addition of two new positions. One will improve the City’s ability to communicate with the community. The other will allow the City to provide improved customer service to the development community.
The Bank of Canada Consumer Price Index (CPI) is a common measure for inflation in the economy. The calculation uses the "basket of goods" theory where a broad range of goods that are typically used in an average household are used in the calculations. There are eight categories that are populated with a number of items within these areas:
Furniture & household equipment
Recreation & education
Alcoholic beverages & tobacco products.
As we can see, many of the items in each CPI category are not used by the City in the delivery of its products and services. Most items common to households and municipalities are the items that are increasing in price - utilities or fuels, for example. Unfortunately, many of the items that are remaining flat or decreasing are not purchases made in civic operations. Also, in the CPI "basket of goods", there is a lack of construction-related items such as concrete, steel, black-top and any of the related services to deliver these items.
The following represents the need for a tax increase:
Impact of previous Council decisions
Cost of growth
Addressing mandatory safety requirements
Catch up on deferred maintenance of capital assets
In order to minimize the impact of these pressures, Mayor, Council and Staff are continually looking for ways to maintain or improve both the levels and efficiency of the services the City provides. Measures include:
Planned capital maintenance
Grant application submissions and
The City also reviews revenues and user fees to help offset the inflationary pressures, however, not all revenues are subject to inflationary increases or are automatically increased by municipal inflation due to a number of reasons including affordability, and competitive positions.
There are many pressures, which will affect the City in future years, including growth, maintaining our existing assets and inflationary components. Inflationary costs for labour, insurance, utilities and fuel affect the City significantly and place additional pressure on the budget. Every time we add a new park, new road or facility, it has an impact on the Operating budget.
While tax increases are expected for the future, Mayor and Council are committed to keeping tax rates at a reasonable level while maintaining the balance between current budget demands, growth and addressing future capital issues.
Although new growth does bring in additional assessment, it requires additional resources to be provided by the City for such items as garbage pickup, snow plowing and maintenance of additional roads, community services for new residents and the payment of capital infrastructure for new development