Reports
2026-2030 Five-Year Financial Plan Deliberations - Preliminary Operating Budget Changes
CFO Krista Waite presented the preliminary Operating Budget adjustments proposed for inclusion in the 2026-2030 Five-Year Financial Plan for Council's consideration and approval. The presentation reviewed Council direction received to date, including adjustments to Water, Bulk Water, and Sewer Rates, as well as Council direction received to leave the Garbage, Recycling Collection, and Organics Collection fees unchanged for 2026. Previous direction also included adjustments to the Flat Tax Levy on both improved and unimproved properties. View staff reports and discussions on these and other previously decided items on Engage Kimberley at the link below.
Following the review, CFO Waite requested Council direction on Light Industrial Tax. After some discussion, Council voted to increase the Light Industrial tax collection in 2026 by 10% more than the other property classes, with an offsetting reduction to Residential property collection. View that discussion and analysis at the YouTube link above.
Finally, Waite presented the proposed 2026 Operating Budget adjustments as they correlate to Year 2 of the 2025-2029 Financial Plan. The charts below outline all proposed changes to revenues and expenditures:
