Budget 2024
Thank you for visiting this page to learn about the District of Squamish Five-Year Financial Plan for 2024-2028. Council adopted the District of Squamish 2024-2028 Five-Year Financial Plan on Tuesday, December 19, 2023.
Each year, the District prepares a five-year financial plan to meet the needs of our community today, and plan for the future. When you walk down the street, visit a local park, or turn on the tap, the budget is working for you.
View the What We Heard report.
View the Open Book Visualization Tool to explore the Financial Plan.
ABOUT THE FINANCIAL PLAN
The Financial Plan outlines the District’s operating costs, capital plan, funding sources, tax rate and utility rate impacts over this period. It aims to balance the immense pressures of a rapidly growing community – from new facilities to upgraded infrastructure, as well as the strategic goals of Council.
The District is not immune to the cost increases from inflation and supply chain challenges experienced across the country, and this is one of the primary pressures of this Financial Plan. Other pressures include the cost of expanded transit, the costs of funding and servicing debt on multiple facilities replacements and upgrades, labour contract annualization, staff resources to meet increasing Capital Plan requirements and service demands and addressing deficiencies in previous asset management investment.
The Plan represents a thoughtful and measured approach to address the above pressures. The District has made tremendous efforts to offset inflationary pressures, delay or re-consider projects and expenses, maximize funding from other sources, delay debt issuance through cash flow management and temporary borrowing, and utilize tax stabilization opportunities.
The revenue required from property taxation in 2024 is projected to increase 8.9% or an average of $213 per residential unit. Similar increases can be expected annually for the remainder of the five-year plan.
View complete financial documents in the list below:
Tax Impact Summary(External link) for the five years of the Financial Plan
Reconciliation of 2023 Tax Revenue Requirement to 2024(External link)
Capital Plan(External link) spreadsheets
Special Operating Projects(External link) spreadsheets
Service Level Changes(External link) spreadsheets
General Fund Financial Plan Summary(External link)
Proposed Utility Rates(External link)