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News Review

City of Port Moody seeks public’s feedback on proposed 2018-2022 budget
Posted Date: January 22, 2018

Let's Talk Taxes

Port Moody residents are invited to attend a Town Hall Meeting on January 30, 2018 at 7pm in the Inlet Theatre (100 Newport Drive), to hear Council discuss the 2018-2022 Draft Financial Plan and to provide feedback on proposed budget changes and priorities.

In 2018, the City is proposing to collect $40.3 million in property taxes from residents and businesses to balance the budget. In order to collect that amount, the City is considering a 4.6 per cent increase to the property tax rate that would generate an additional $1.8 million. The average household would see an increase of about $98 for the year – that’s $8.17 per month, or $1.88 per week.

When proposing an increase, the City takes into consideration the need for additional services, facility and infrastructure improvements, new equipment, insurance, and many other operating costs. The City is proposing to collect an additional $386,000 – or one per cent of the proposed increase to the property tax rate – to fund the projects prioritized in the Master Transportation Plan, endorsed by Council in March 2017.

Please see the background information below for examples of proposed capital and operating projects contained in the 2018-2022 Draft Financial Plan. For more information on the City’s budget process and to read the full 2018-2022 Draft Financial Plan, please visit portmoody.ca/budget. Members of the public who are not able to attend the Town Hall Meeting may fill out an online feedback form, available at portmoody.ca/budget after 7pm on January, 30, 2018.

2018-2022 Port Moody Draft Financial Plan proposed capital and operating projects

At a Town Hall Meeting on January 30, 2018, Port Moody City Council will discuss the 2018-2022 Draft Financial Plan, including proposed capital and operating projects.

Here are some of the projects proposed in the Draft Financial Plan:

  • fleet replacement, including a skid steer loader (with capability to load and work with all trucks and equipment in existing fleet) to assist in the City’s snow and ice response;
  • road rehabilitation at various locations, e.g. Gatensbury Road, Parkside Drive, and the Valour Drive-Cecile Drive Walkway;
  • facilities maintenance, e.g. concrete surface repairs at the curling rink, Public Safety Building parking lot expansion, and additional electric vehicle charging stations;
  • sanitary and drainage improvements at various locations, e.g. Beach Avenue lift station, storm drainage improvements in Moody Centre, sanitary and drainage renewal around the Civic Centre campus, and updates to the sewer and drainage master plan;
  • water infrastructure projects, including watermain renewal on Murray Street, improvements at Chestnut Way Reservoir, fire hydrant improvements, and upgrades to infrastructure monitoring and control systems;
  • playground rehabilitation at Rocky Point Park, resurfacing the basketball and tennis courts at Easthill Park, treatment and removal of invasive plant species (knotweed and spartina), removal of dangerous trees on City lands;
  • replacement of two pieces of heavy Fire Rescue apparatus;
  • improvements to traffic signals, street lights, and bus stops; and
  • civic events, such as Canada Day, Public Works Day, and Christmas Lighting celebrations.


View the complete 2018-2022 Draft Financial Plan at portmoody.ca/budget.