2026 - 2030 Five-Year Financial Plan and Budget 2026: Planning and Approval Process

2026-04-13: Update

Kimberley City Council has given first three readings to the proposed 2026 Tax Rates Bylaw, which includes a 3.23% municipal property tax increase. The bylaw is scheduled to return to Council for final adoption on April 27, 2026.

For the average home in Kimberley, assessed at $598,426, the proposed increase would result in an annual increase of about $177/year or $14.75/month.

The proposed increase helps support day-to-day City services, plan for long-term infrastructure needs, and contribute to major community projects and services. Every cent is being maximized to make Kimberley a safe, enjoyable, and affordable place to be.

Residents are encouraged to learn more, ask questions, and share feedback below!

Each year, the City of Kimberley develops a Five-Year Financial Plan that outlines key projects, anticipated spending, and funding strategies. This plan helps guide investments that support a vibrant, resilient community, while keeping taxes fair and sustainable for residents and businesses.

The planning and approval process for the 2026-2030 Five-Year Financial Plan and Budget 2026 is now underway.

Below you will find details about past and upcoming meetings. As materials become available - including staff reports, presentations, and links to view the meetings online - they will be posted below the corresponding meeting. The public is also welcome to attend in person. All sessions will be held in Council Chambers at City Hall.

We welcome public input throughout the process. Share your thoughts or ask questions using the feedback form below.

Meeting #1: Revenue Policy Overview - November 17, 2025

City CFO Krista Waite presented an overview of the City's primary revenue sources and sought Council's direction on tax distribution across assessment classes, flat tax adjustments, and utility rate adjustments. This meeting marked the first step in developing the 2026–2030 Five-Year Financial Plan.

Meeting #2: Capital/Non-Capital Project Plan - December 1st, 2025

CFO Waite presented proposed capital and non-capital projects for inclusion in the 2026–2030 Financial Plan. Council will review and consider approval.

Meeting #3: 2026-2030 Operating Budget Presentation - January 19th, 2026

City CFO Waite presented the 2026 - 2030 Operating Budget and requested Council input and discussion.

Meeting #4: 2026-2030 Five-Year Financial Plan Presentation - February 17th, 2026

CFO Waite presented the final Operating and Capital plans with any Council-initiated changes from previous meetings.

Meeting #5: 2026-2030 Five-Year Financial Plan and the 2026 Tax Rates Bylaw Presentation - April 13th, 2026

CFO Waite presented the draft 2026–2030 Financial Plan and the 2026 Tax Rates Bylaw. Council considered first three readings.

Meeting #6: 2026-2030 Five-Year Financial Plan and the 2026 Tax Rates Bylaw - April 27th, 2026

At a Regular Meeting of Council, the final 2026–2030 Financial Plan and 2026 Tax Rates Bylaw will be presented for adoption.

What happens after adoption?

Once the Financial Plan is adopted, Property Tax Notices will be mailed to residents.
🗓️ Payment Deadline: Thursday, July 2, 2026

Thank you to all residents who engage in the Financial Planning process. Your input helps shape a stronger, more resilient community.

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Krista Waite

Chief Financial Officer

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