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 attached backgrounder 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.