City Budget

Current Status
April 2025	At the April 15, 2025 Regular Council meeting, Council adopted Financial Plan Bylaw No. 16-330, 2025 and Tax Rates Bylaw No. 63-2, 2025, which map out the City's revenue and spending for the next five years and indicate the amount to be collected from all classes of property owners in Kamloops for 2025. The residental property tax increase is set at 7.42%.

Financial Planning Timeline

- Jun–Aug: Assess common cost drivers such as the rates for materials or contract services and any impacts that might affect the utility rates
- Sep–Oct: Draft utility rates and assemble provisional budget
- Jan–Apr: Finalize budget and determine the tax draw and rates
- Jun–Sep: Develop budgets and proposed business cases
- Dec–Jan: Finalize business cases
- Sep–Oct: Review budgets and business cases
- Jan: Review budgets and business cases
- Nov–Mar: Release information about the upcoming budget, organize public engagement, and help present public feedback.
- Nov: Review proposed utility rates and provisional budget
- Dec: Review, amend and/or approve the Utility Rate Bylaw and provisional budget. Review supplemental business cases.
- Feb–Mar: Vote on supplemental business cases and approve finalized tax draw
- May–Aug: Work with City Staff on new ideas and project proposals
- Nov: Attend the public budget engagement session. Learn about the budget. Share feedback and ideas for future business cases. Establish connections with appropriate City staff to action ideas.
- Feb–Mar: Attend the public budget engagement session. Learn about the supplemental budget items. Share feedback and ideas for future business cases. Establish connections with appropriate City staff to action ideas.

Watch the Let's Talk consultation website for information on the current budget planning process and upcoming consultation opportunities.

Below are also some useful infographics related to the budget process: