Budget and Financial Plan
Review this important budget information and provide your feedback using the survey button below.
2025 operating and capital budget
Township of Langley Council is in the process of deliberating the 2025 – 2029 five-year financial plan, with emphasis on the 2025 operating and capital budget. As they consider the Financial Plan and Budget, Council would like to hear from citizens, so that their views and feedback may be taken into consideration. Review the budget information and provide your feedback below.
Summary of the 2025-2029 financial plan
Review the summarized information here and provide your feedback. For more details, review all the presentations and draft budget documentation below.
Overview and context |
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This draft budget is presented in a time of continued uncertainty in the financial environment. While inflation is returning to anticipated rates, interest rates remain relatively high, and the Canadian dollar has declined. These factors impact the ongoing business of the Township and while there has been improvement, it is still a fiscally challenging environment which is expected to persist into the five-year plan. This draft financial plan, as presented provides for the continuation of services as well as enhancements to services which have been deemed to be a priority by Council. Some of those priorities are improved public safety and planning for future amenities within the rapidly growing community. Capital projects which were previously approved and commenced are moving forward as planned. Those projects requiring new funding will be evaluated by Council to ensure continued alignment with current priorities. The objective is to sustain existing infrastructure, ensure health and safety, and plan for future new infrastructure to support a fast-growing community. |
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Universal services budget |
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Universal services includes parks, transportation utility, stormwater utility, and general (which includes fire, police, bylaw enforcement, recreation and culture, facilities, and general government). The daft 2025 budget reflects a core services increase of 3.58% or $92.29 for the average residential home with a value of $1,502,344. In establishing this budget and the resultant tax rate, all costs and sources of revenue were carefully reviewed. Household impactThe household impact of the proposed 3.58% increase for 2025:
Highlights - core services budgetCore municipal servicesSignificant changes:
Operating efficiencies and cost cutting:
Protective servicesSignificant changes: RCMP
Fire
Bylaw Enforcement
The table below summarizes the changes to the base budget: Infrastructure renewal
Increased budget has been put towards infrastructure renewal with additional contributions to reserves. Household impactThe household impact of the proposed 0.92% increase for 2025:
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Library services |
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Library servicesConsistent with prior years, the costs to operate the Township’s libraries are being presented separately and include increases which are part of our service contract with Fraser Valley Regional Library as well as costs to operate the facilities. Highlights - library servicesFraser Valley Regional Library contract increase: This increase was a result of anticipated wage increases from contract negotiations, new wage settlements, and increased costs of library materials. Contribution to library reserve fund: The contribution has been increased to establish a fund for future library infrastructure in the Township. Household impactThe household impact of the proposed 9.10% levy increase for 2025:
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User pay utilities | ||||||||||||||||||||
Highlights - user pay utilitiesThe most significant increase in the user pay utilities costs is the increase in the regional cost budget items. Metro Vancouver increased their water rates by 7.2%. In the sewer utility, the increase in regional purchases is a result of a 46.9% rate increase from Metro Vancouver. Of this increase 62% is related to the North Shore Wastewater Treatment Plant liquid waste levy. Due to significant increases in the contract for the collection and disposal costs, solid waste rates have also increased. User fee increases will provide funding for expenditure increases for salaries and wages, utility contracts, service and maintenance contracts, debt repayments, and operating costs for the water, sanitary sewer, and solid waste infrastructure. In addition, the transfers to reserves in water and sewer were increased for new infrastructure and replacement of current infrastructure. Household impactThe household impact of proposed changes to the utility user pay levies for 2025 is shown in the table below. This information is based on a representative household with an assessed value of $1,502,344. An estimated growth rate for new users joining the system has been estimated at 2.00% for water and sewer and 1.11% for solid waste. Current year proposed changes as follows:
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Capital program | ||||||||||||||||||||
Funding for the capital program comes from sources such as reserves and surplus, development cost charges receipts, senior government grants, local area service funds, and debt financing. The previously approved and commenced projects are moving forward as planned. The remaining projects will be funded through funding envelopes provided in the budget bylaw. The bylaw considers that funds will be received during the year. Projects will only be approved if sufficient funds are available. Reports will be brought to Council for consideration and approved on the individual merits of the projects and alignment with Council priorities. |
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Feedback options | ||||||||||||||||||||
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Meetings
January 27, 2025 Council Meeting
Public engagement opportunities
The budget feedback survey is now open. It will close on February 13, 2025.
Questions
If you have questions, comments, or feedback on this operating and capital budget information, you may also call or email:
Finance Division
budget@tol.ca
604-533-6022