2025 Draft Budget & Financial Plan

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Council looks to ensure stable tax rates for residents over next several years

On Tuesday December 3rd beginning at 5:30 pm Council will consider the five-year financial plan (2025-2029) which includes the 2025 budget.

As the District navigates cost pressures in areas such as policing, transit and infrastructure, Council is focused on balancing the need to address rising operational costs, continuing to improve and invest in existing services and infrastructure while minimizing the impact on taxpayers. The proposed budget outlines an increase of 6.45% on the municipal, policing and fire portion of taxes, reflecting Council’s commitment to meeting the District’s financial needs without placing excessive burdens on the community.
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A 1% tax increase translates to approximately $223,000 in revenue. The impact of the proposed 6.45% property tax increase to Lake Country property owners would be approximately a $178 yearly increase (or $15 monthly increase) on a single-family home assessed at $1 million.

Get Involved!

As 2025 budget deliberations start on Tuesday evening, it is important that everyone get involved and let Council know your thoughts on the proposed budget. Budget details can be found at Let's Talk - Lake Country. Review the information and leave your questions/comments on the official webpage. Staff will ensure that all feedback received from the community on the 2025 draft budget is relayed to Council prior to adoption of the five-year financial plan.

Mark your calendar –Community Open Houses will be held January 28 and Feb 6, 2025. We hope you will participate in person and take the opportunity to speak with staff, Mayor and Councillors. Stay informed as more content is published.

Important to note – aside from District official social media channels (Facebook and Instagram) – staff do not regularly monitor comments or conversations on external pages and groups.

Council looks to ensure stable tax rates for residents over next several years

On Tuesday December 3rd beginning at 5:30 pm Council will consider the five-year financial plan (2025-2029) which includes the 2025 budget.

As the District navigates cost pressures in areas such as policing, transit and infrastructure, Council is focused on balancing the need to address rising operational costs, continuing to improve and invest in existing services and infrastructure while minimizing the impact on taxpayers. The proposed budget outlines an increase of 6.45% on the municipal, policing and fire portion of taxes, reflecting Council’s commitment to meeting the District’s financial needs without placing excessive burdens on the community.
Top of Form

A 1% tax increase translates to approximately $223,000 in revenue. The impact of the proposed 6.45% property tax increase to Lake Country property owners would be approximately a $178 yearly increase (or $15 monthly increase) on a single-family home assessed at $1 million.

Get Involved!

As 2025 budget deliberations start on Tuesday evening, it is important that everyone get involved and let Council know your thoughts on the proposed budget. Budget details can be found at Let's Talk - Lake Country. Review the information and leave your questions/comments on the official webpage. Staff will ensure that all feedback received from the community on the 2025 draft budget is relayed to Council prior to adoption of the five-year financial plan.

Mark your calendar –Community Open Houses will be held January 28 and Feb 6, 2025. We hope you will participate in person and take the opportunity to speak with staff, Mayor and Councillors. Stay informed as more content is published.

Important to note – aside from District official social media channels (Facebook and Instagram) – staff do not regularly monitor comments or conversations on external pages and groups.

Questions

Have a question and/or comment about the draft 2025 budget? Ask your question and staff will try to get back to you as soon as possible. All questions and comments will be relayed to Council prior to the February 18th Special Council Meeting to review the budget.  

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  • Share Just a follow up on my previous question regarding traffic fine revenue. With an average cost of $138 per speeding ticket (some being much more than this) and an officer writing two tickets per day, should income not be at least $100,000? I recognize that there are many, many other more emergent issues within the district that officers must focus on but this seems like an area where if taxpayers in Lake Country are fronting more of the costs, that the district should be able to generate revenue to support operations costs and increased staffing. I don't want to see the district become a police state but it can be more safe with speeding on the highway corridor as well as our side streets (particularly near schools) and reduction in impaired drivers. on Facebook Share Just a follow up on my previous question regarding traffic fine revenue. With an average cost of $138 per speeding ticket (some being much more than this) and an officer writing two tickets per day, should income not be at least $100,000? I recognize that there are many, many other more emergent issues within the district that officers must focus on but this seems like an area where if taxpayers in Lake Country are fronting more of the costs, that the district should be able to generate revenue to support operations costs and increased staffing. I don't want to see the district become a police state but it can be more safe with speeding on the highway corridor as well as our side streets (particularly near schools) and reduction in impaired drivers. on Twitter Share Just a follow up on my previous question regarding traffic fine revenue. With an average cost of $138 per speeding ticket (some being much more than this) and an officer writing two tickets per day, should income not be at least $100,000? I recognize that there are many, many other more emergent issues within the district that officers must focus on but this seems like an area where if taxpayers in Lake Country are fronting more of the costs, that the district should be able to generate revenue to support operations costs and increased staffing. I don't want to see the district become a police state but it can be more safe with speeding on the highway corridor as well as our side streets (particularly near schools) and reduction in impaired drivers. on Linkedin Email Just a follow up on my previous question regarding traffic fine revenue. With an average cost of $138 per speeding ticket (some being much more than this) and an officer writing two tickets per day, should income not be at least $100,000? I recognize that there are many, many other more emergent issues within the district that officers must focus on but this seems like an area where if taxpayers in Lake Country are fronting more of the costs, that the district should be able to generate revenue to support operations costs and increased staffing. I don't want to see the district become a police state but it can be more safe with speeding on the highway corridor as well as our side streets (particularly near schools) and reduction in impaired drivers. link

    Just a follow up on my previous question regarding traffic fine revenue. With an average cost of $138 per speeding ticket (some being much more than this) and an officer writing two tickets per day, should income not be at least $100,000? I recognize that there are many, many other more emergent issues within the district that officers must focus on but this seems like an area where if taxpayers in Lake Country are fronting more of the costs, that the district should be able to generate revenue to support operations costs and increased staffing. I don't want to see the district become a police state but it can be more safe with speeding on the highway corridor as well as our side streets (particularly near schools) and reduction in impaired drivers.

    Morgan asked 10 days ago

    Hello Morgan,

    Our traffic fine revenue is actually based on a formula in legislation. The total net traffic fine revenue for the province gets divided up based on total policing costs. So as our policing costs increase (which they have been significantly) our share will also go up. It is not based on the tickets directly issued in the area.

    Local Government Grants Regulations

    Division 4 — Traffic Fine Revenue Sharing
    Traffic fine revenue sharing

    8.1  The amount that a municipality may receive to help defray the cost of local police enforcement for a calendar year is calculated as follows:

    amount = 

    TPC

     ------

    APC

     × App


     

     

    where

    APC

     = 

    the aggregate municipal policing costs for municipal policing in British Columbia as published for the calendar year by the Ministry of Public Safety and Solicitor General;

    App

     = 

    the annual appropriation for the calendar year for the Traffic Fine Revenue Sharing Program;

    TPC

     = 

    the total policing costs for the calendar year for the municipality as accepted and published by the Ministry of Public Safety and Solicitor General.

    [en. B.C. Reg. 135/99, s. 5; am. B.C. Regs. 27/2013, Sch. 2, s. 3; 99/2018, Sch. 2, s. 9.]

  • Share With the District of Lake Country increasing taxes to support RCMP is there an associated increase in traffic fine revenue expected? I do see protective services revenue increasing from 2024 and into 2025 but it is not separated the same way that the expenditures are... on Facebook Share With the District of Lake Country increasing taxes to support RCMP is there an associated increase in traffic fine revenue expected? I do see protective services revenue increasing from 2024 and into 2025 but it is not separated the same way that the expenditures are... on Twitter Share With the District of Lake Country increasing taxes to support RCMP is there an associated increase in traffic fine revenue expected? I do see protective services revenue increasing from 2024 and into 2025 but it is not separated the same way that the expenditures are... on Linkedin Email With the District of Lake Country increasing taxes to support RCMP is there an associated increase in traffic fine revenue expected? I do see protective services revenue increasing from 2024 and into 2025 but it is not separated the same way that the expenditures are... link

    With the District of Lake Country increasing taxes to support RCMP is there an associated increase in traffic fine revenue expected? I do see protective services revenue increasing from 2024 and into 2025 but it is not separated the same way that the expenditures are...

    Morgan asked 13 days ago

    Hi Morgan,
    We are budgeting for $98,000 of traffic fine revenue, up from budget of $84,000 in 2024. Adding additional officers does not necessarily correspond with a direct increase in this area, as based on the RCMP organizational chart the different positions do specialize in different areas. That being said with increased emphasis on traffic safety the traffic fine revenue is trending slightly up.
    Thank you for your question. 

  • Share Is there a document that identifies every expenditure made by the DLC? This would normally be a spreadsheet like an Income Statement or Profit-and-Loss statement. Is it possible to review every single expenditure made by the DLC to identify exactly where the money goes? For instance, for all the "administration charges" listed in the draft, is it possible to identify who is paid for these services? on Facebook Share Is there a document that identifies every expenditure made by the DLC? This would normally be a spreadsheet like an Income Statement or Profit-and-Loss statement. Is it possible to review every single expenditure made by the DLC to identify exactly where the money goes? For instance, for all the "administration charges" listed in the draft, is it possible to identify who is paid for these services? on Twitter Share Is there a document that identifies every expenditure made by the DLC? This would normally be a spreadsheet like an Income Statement or Profit-and-Loss statement. Is it possible to review every single expenditure made by the DLC to identify exactly where the money goes? For instance, for all the "administration charges" listed in the draft, is it possible to identify who is paid for these services? on Linkedin Email Is there a document that identifies every expenditure made by the DLC? This would normally be a spreadsheet like an Income Statement or Profit-and-Loss statement. Is it possible to review every single expenditure made by the DLC to identify exactly where the money goes? For instance, for all the "administration charges" listed in the draft, is it possible to identify who is paid for these services? link

    Is there a document that identifies every expenditure made by the DLC? This would normally be a spreadsheet like an Income Statement or Profit-and-Loss statement. Is it possible to review every single expenditure made by the DLC to identify exactly where the money goes? For instance, for all the "administration charges" listed in the draft, is it possible to identify who is paid for these services?

    EA asked 17 days ago

    Hello,

    Page 24 of our audited financial statements shows the statement of operations and accumulated surplus for 2023 (aka income statement/profit & loss). Schedule 3 (starting on page 66) breaks it down by department for further detail.
    2023 District of Lake Country Annual Report by Lake Country - Issuu

    Regarding “who is paid for these services” - the Statement of Financial Information shows a detailed listing of wages. Any changes to 2025 are highlighted in the budget supplemental operating request forms in the budget package. This also details how much was paid to all vendors/suppliers who received over $25,000.
    2023 FIA.xlsx

    Thank you

  • Share The province collects monies from the speculation tax (starting n 2025). How much money is expected to be collected from Lake Country residents and how much of this money does Lake Country get back in the form of grants, support etc ? on Facebook Share The province collects monies from the speculation tax (starting n 2025). How much money is expected to be collected from Lake Country residents and how much of this money does Lake Country get back in the form of grants, support etc ? on Twitter Share The province collects monies from the speculation tax (starting n 2025). How much money is expected to be collected from Lake Country residents and how much of this money does Lake Country get back in the form of grants, support etc ? on Linkedin Email The province collects monies from the speculation tax (starting n 2025). How much money is expected to be collected from Lake Country residents and how much of this money does Lake Country get back in the form of grants, support etc ? link

    The province collects monies from the speculation tax (starting n 2025). How much money is expected to be collected from Lake Country residents and how much of this money does Lake Country get back in the form of grants, support etc ?

    Hare asked 23 days ago

    Hello,
    Thank you for your question. The speculation and vacancy tax is administered by the Province. Local governments do not collect the funds from the provincially run program. Please find more information here: https://www2.gov.bc.ca/gov/content/taxes/speculation-vacancy-tax
    Thank you 

  • Share Where is a copy of the budget? I would like to see it on Facebook Share Where is a copy of the budget? I would like to see it on Twitter Share Where is a copy of the budget? I would like to see it on Linkedin Email Where is a copy of the budget? I would like to see it link

    Where is a copy of the budget? I would like to see it

    Sandra asked 22 days ago

    Hello Sandra,
    Of course, please find the draft budget on the Let's Talk page under '2025-2029 Draft Financial Plan'. This is located on the right hand side of the page and is available as a PDF document.
    Thank you 

Page last updated: 20 Dec 2024, 10:21 AM