2025 Draft Budget

Thank you to all those who provided feedback on the 2025-2029 Draft Financial Plan (2025 Draft Budget) 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.


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 received a staff report (Item J.1) that outlines property tax increase reduction scenarios for consideration. View the presentation.

At the February 13, 2025 Committee of the Whole Meeting, Council directed staff to report back on February 27 on the impact of the Crystal Pool Referendum decision on the budget options presented in the December 4, 2024 staff report “2025-2029 Draft Financial Plan – Tax Increase Reduction Options.”


Have Your Say

The community was invited 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 extended the deadline to submit feedback on the 2025 Draft Budget to 11:59 p.m. on Friday, December 20, 2024.


What We Heard

All community input received was provided to Council for consideration at the February 6, 2025 Committee of the Whole Meeting (Item E.2). The staff report and two attachments are also available in the right sidebar under "Documents."


Thank you to all those who provided feedback on the 2025-2029 Draft Financial Plan (2025 Draft Budget) 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.


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 received a staff report (Item J.1) that outlines property tax increase reduction scenarios for consideration. View the presentation.

At the February 13, 2025 Committee of the Whole Meeting, Council directed staff to report back on February 27 on the impact of the Crystal Pool Referendum decision on the budget options presented in the December 4, 2024 staff report “2025-2029 Draft Financial Plan – Tax Increase Reduction Options.”


Have Your Say

The community was invited 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 extended the deadline to submit feedback on the 2025 Draft Budget to 11:59 p.m. on Friday, December 20, 2024.


What We Heard

All community input received was provided to Council for consideration at the February 6, 2025 Committee of the Whole Meeting (Item E.2). The staff report and two attachments are also available in the right sidebar under "Documents."


Page last updated: 14 Feb 2025, 10:04 AM