The district of sechelt budgets on a five year plan as required by the community charter. This page provides information on the where our money comes from and how we spend it.
The Five Year Financial Plan continues the District’s focus on building long–term financial stability and sustainability for our municipality and its citizens and provides details on the annual budget. Many of the priorities included Council's Strategic Priorities will be reflected in the current Financial Plan.
The community charter states that “ a municipality must have a financial plan that is adopted annually, by bylaw, before the annual property tax bylaw is adopted ”. the charter also states that “each year, after adoption of the financial plan but before may 15, a council must, by bylaw, impose property value taxes for the year”.
in sechelt the budget process starts in the summer, with each department planning ahead for the next year on finding efficiencies and improving or Expanding services to achieve our strategic goals. We ask or residents and business owners to contribute too. all the ideas are presented to council for consideration.
Council will consider all options and decide what will most benefit sechelt in the long term. This is done through careful examination of existing costs and services, consulting with the public and making sure our assets and infrastructure will continue to serve our community for years to come.
Fast Fact: a 1% tax increase adds about $108,620 to the budget
Where does our money come from?
Similar to most Canadian municipalities, taxation is the District’s largest source of revenue at 34% of funding for 2022, and finances the majority of services provided.
Projected for 2022
This chart outlines how property taxes are distributed between property classes based on the Financial Plan. The District collects taxes from a variety of sources each year with the majority, approximately 85.27%, projected from residential property taxes for the 2022 - 2026 Financial Plan.
2021 - 2025 Financial Plan projection
2022 - 2026 Financial Plan Projection
Where does our money go?
The District provides services to the community by incurring operating and capital costs. For each service, the capital costs of equipment, infrastructure, or facilities needed to deliver the service must be considered, in addition to the ongoing operational and labour costs of providing that service.
How taxes are calculated
The amount of money the District of Sechelt needs to collect to provide services is divided between all the properties in Sechelt. The value of the properties is determined by BC Assessment. To get the tax rate we divide the total amount needed to operate the town by the total valuation for all properties in Sechelt. Different rates, called multipliers, are applied for the different property classes. Council decides the multipliers for all property classes. The amount of tax each property equals the property value x tax rate x multiplier. BC Assessment created this video to explain the process.
- A 1% tax increase equals approximately $16.20 for each residential property
- A 1% tax increase adds about $96,000 to the budget
Here's an example from the 2020 tax year:
For residential properties, the rate of 2.416% was required to create the operational budget. So the typical residential property would have seen a tax increase of approximately $39.14 over the prior year. (2.416% x $16.20)
But wait - did your taxes seem higher than this? This is the Sechelt portion of taxes for 2020. The District of Sechelt also collects taxes on behalf of other jurisdictions.
All amounts collected by the District of Sechelt:
The cumulative increase for residential properties in the District of Sechelt was 5.86% for 2020. Only $0.39 of each tax dollar goes to the District of Sechelt.