Highlights of the 2022 Draft Budget

Budget Summary

At present, the Central Saanich 2022 budget is balanced at $34.4 million. In 2020 the District received $3,455,000 from the Canada-BC Safe Restart Grant for Local Governments to cover impacts of the pandemic on the District’s operations and cash flow.

Property Tax Impacts

After new growth (non-market change in property assessment) and COVID-19 restart funds are taken into account, the budget results in a property tax increase of $104 or 4.84% to the *average family home.

*Average home for 2022 has an assessed value of $930,300 (with a 23.3% increase over 2021). The average increase noted varies based on the assessed value and assessed value change from 2021 to 2022.

The 2022 budget maintains the service levels and assets expected by the community and also invests in the following:

• a temporary staff position and program for economic development in Central Saanich
• investments in Police and Fire Services
• a new Infrastructure Manager position to lead the implementation of annual asset replacement programs required
• taxation increases in accordance with the asset management plan of 1.25% for future asset replacement and 0.25% for new infrastructure.

Other points to know:

• Property taxes represent the most significant funding source for municipalities; 2022 taxation is approximately $19.7 million.
• Operating expenses by function total approximately $26.7 million.
• Five-Year Capital Budget by Category Budgeted Capital Expenditures
• Totaling $51.8 million over five years, the capital expenditures are driven by the need to maintain, upgrade or replace existing aging infrastructure, meet industry standards, population growth and invest in new capital in alignment with the Strategic Plan and community input.