Each year, the Town is required by legislation to adopt a balanced budget and five-year financial plan that supports the delivery of essential programs and services.
Utilities such as water, sanitary sewer, solid waste, and recycling operate through separate self-contained budgets that must be approved by Council before January 1 each year. Utility fees are billed quarterly to homeowners and are used to support those services.
The remainder of Town revenues and expenses are included in the annual operating budget. This budget determines the overall tax requirement and the amount of property taxes collected each July to support municipal operations, programs, and infrastructure.
As part of the annual budgeting process, the Town also prepares a five-year financial plan. This plan looks ahead at anticipated operating costs, capital projects, infrastructure improvements, and future community needs. It helps Council plan for both ongoing services and upcoming projects while maintaining long-term financial sustainability.
Budget meetings are available to watch live or recorded on the Town’s YouTube channel: www.youtube.com/@TownofOsoyoosOfficial