2019-2023 Financial PlanQuick Facts

2018 2019 $ ChangeAssessment - Average Home $467,220 $516,418 $49,198

Property Taxes $2,003 $2,102 $99

Municipal User Fees

$514 $552 $38

$130 $135 $5

$165 $170 $5

$2,812 $2,959 $147

Other Governments

$90 $94 $4

$407 $434 $27

$83 $84 $1

$798 $830 $32

$19 $20 $1

$1,397 $1,462 $65

$4,209 $4,421 $212

Total Municipal Taxes & User Fees

Total Tax Levy & User Fees All Total Other Governments

Water Fees

Sewer Fees

Sanitation Fees

V.I. Regional Library

Regional District

Regional Hospital District

School District

BC Assessment & MFA

TAX PAID BY AVERAGE HOME

$45 - DEBT SERVICING$139 - PROJECTS

TOTAL PROPERTY TAXES FOR AVERAGE HOME

$2,102$1,742 - CITY SERVICES

$176 - RESERVES

The 2019 – 2023 Financial Plan has been approved and the tax rate has been set for 2019. You will recieve your tax notice either by mail or email by the end of May.

Updated annually, the City’s �ve-year �nancial plan includes budgeted revenues and expenditures to deliver day-to-day services to the community, for investment in infrastructure, deliver strategic initiatives and enable long-term funding strategies.

The City collects taxes and user fees to provide a number of services to residents of Nanaimo including police and �re protection, solid waste collection, management of roads, drainage, sanitary sewer, waterworks and parks infrastructure and delivery of recreation and cultural services.

The City also acts as a regulatory body with respect to business licensing, building permits and inspection, land use, development planning and subdivision approval services.

Services such as library and sewer treatment are provided through other boards and partnerships with other governments.

PROJECTED PROPERTY TAX INCREASES

General Asset Management Reserve

General Property Tax Increase

2019-2023 Financial Plan

2019 2020 2021 2022 2023

1.0% 1.0% 1.0% 1.0% 0.0%

4.0% 2.6% 1.9% 1.8% 1.4%

5.0% 3.6% 2.9% 2.8% 1.4%

$515 - POLICE SERVICES

$298 - FIRE, EMERGENCY & 911 SERVICES

$295 - PARKS & RECREATION

$222 - ENGINEERING & PUBLIC WORKS

$183 - CORPORATE SERVICES & FACILITIES

$107 - COMMUNITY DEVELOPMENT

$62 - CITY ADMINISTRATION

$24 - BYLAW, REGULATION & SECURITY

$21 - PORT OF NANAIMO CENTRE

$15 - TOURISM & DOWNTOWN REVITALIZATION

TOTAL CITY SERVICES PAID BY AVERAGE HOME

$1,742

City of Nanaimo www.nanaimo.ca250-754-4251 455 Wallace Street

Property Taxes

Water Fees

Fees and Charges

Sewer Fees

Development Cost Charges

Sanitation Fees

Government Grants

59%10%6%4%3%3%3%

Other Revenues

Provincial Government Revenue Sharing

Grants in Lieu of Taxes

Investment Income

Private Contributions

Port of Nanaimo Centre

Parking Fees

3%2%2%2%1%1%1%

Police Services

Parks & Recreation

Engineering & Public Works

Fire & Emergency Services

Corporate Services & Facilities

Water Works

Community Development

20.5%16.4%15.7%11.7%10.2%7.1%6.3%

Port of Nanaimo Centre (Conference Centre)

Sanitary Sewer

City Administration

Bylaw, Regulation & Security

911

Tourism & Downtown Revitalization

3.5%2.6%2.3%2.0%1.1%0.6%

2019 PROJECT HIGHLIGHTS• Multi-year project to replace Fire Station #1

• Phase 2 of LED streetlight conversion

• Phase 1 of Harewood Centennial Youth Park

• Bastion Street bridge rehab

• Construction of Chase River pump station

•Serauxmen Stadium field lighting (2019/2020)

TOTAL 2019 PROJECT EXPENDITURES

$95,769,474

TOTAL 2019 REVENUES

$187,340,853

TOTAL 2019 OPERATING

EXPENDITURES

$144,975,229POOL & REC CENTRE

WATER INFRASTRUCTURE PROGRAM - $25,193,633

PARKS INFRASTRUCTURE PROGRAM - $12,783,136

DRAINAGE INFRASTRUCTURE PROGRAM - $5,569,314

FACILITIES INFRASTRUCTURE & AMENITIES PROGRAM - $8,418,416

SANITARY SEWER INFRASTRUCTURE PROGRAM - $12,761,943

PARKING INFRASTRUCTURE PROGRAM - $1,637,042

TRANSPORTATION INFRASTRUCTURE PROGRAM - $19,044,666

EQUIPMENT & VEHICLE PROGRAM - $5,209,604

STRATEGIC - $4,291,482

INFORMATION TECHNOLOGY INFRASTRUCTURE PROGRAM - $860,238