2025 Draft Budget

Take the opportunity to provide feedback on the 2025-2029 Draft Financial Plan (2025 Draft Budget) by Friday, December 20 to help inform Council's budget decisions.

Each year, the City of Victoria establishes funding priorities through its annual budget. Council sets service levels and allocates funding for all City services, programs, projects and initiatives. Council budget decisions are informed by community input on priorities for investment.

What You Need to Know

The 2025-2029 Draft Financial Plan and a summary of public engagement input to date, were presented to Council at the October 24, 2024 Committee of the Whole Meeting.

Currently, Council is considering a 12.17 per cent proposed tax increase in 2025 to continue to deliver more than 200 high-quality services and programs that Victoria residents and businesses depend on.

The City’s 2025 Draft Budget proposes to invest $365.6 million in operating costs and $94.6 million in capital improvements.

• View the 2025-2029 Draft Financial Plan (Draft 2025 Budget) to see what's proposed for investment next year. For a quick read, check out the highlights in the 2025 Draft Budget Summary.
  
  
• Read the 2025 Draft Budget Public Input Report and Public Engagement Summary to see the results of a random Ipsos telephone survey with 700 City of Victoria residents that measures investment priorities for 2025. The Public Engagement Summary also includes what we heard during community conversations with eight local equity-seeking groups.
  
  
• Read VicPD's 2025 Provisional Budget.
  
  
• Read the Greater Victoria Public Library 2025 Budget and Five-Year Financial Plan.

Budget Deliberations

Council deliberations on the 2025 Draft Budget began on Monday, November 4, 2024. The proposed property tax increase may be adjusted during Council's budget discussions.

At the December 12, 2024 Committee of the Whole Meeting, Council will consider a staff report (Item J.1) that outlines property tax increase reduction scenarios.

Have Your Say

Now is the time to provide feedback on the 2025 Draft Budget to help inform Council's budget decisions.

• Submit written comments:
  • Email: legislativeservices@victoria.ca
  • Mail: Legislative Services, 1 Centennial Square, Victoria, BC V8W 1P6
  • Drop off: to the Ambassador in the City Hall foyer (use the Pandora Avenue entrance)
    
    
• Submit a pre-recorded video:
  • Email: legislativeservices@victoria.ca for instructions on how to upload your video. You will be asked for your first and last name, the subject (Draft Budget) and your home address.
  • Your video must be:
    • Maximum five minutes in length
    • File formats: MP4 video, QuickTime Movie, M4A file
      
      

Deadline: Council has extended the deadline to submit feedback on the 2025 Draft Budget to 11:59 p.m. on Friday, December 20, 2024.

All community input received will be presented to Council for consideration.