Budget 2026
The City of New Westminster is currently developing the Financial Plan for 2026 to 2030, building on the strong foundation established in recent years. The 2026 budget process will continue to reflect our commitment to financial sustainability, community engagement, and Council’s strategic priorities, while addressing the evolving needs of our diverse and growing population.
In preparing the 2026 budget, the City will remain guided by principles of long-term financial health and sustainability. Our approach will incorporate key Council priorities, including advancing climate action goals, enhancing public services, and promoting equity and inclusion across all City operations. The success of these initiatives relies on maintaining resilient infrastructure, effective public safety, and strong community services.
As in previous years, the City will continue to seek meaningful community input to help shape the upcoming budget. Residents and businesses will have opportunities to participate and offer feedback during the budget process. Your participation is essential in aligning financial decisions with the needs and expectations of all New Westminster residents and business owners/operators.
A significant focus for Budget 2026 will be addressing the ongoing impacts of inflation, managing growth, and ensuring our services and infrastructure keep pace with the City’s development. The City will continue to explore new funding opportunities, such as grants and partnerships, to support both capital projects and operational requirements.
All residents and business owners/operators are encouraged to take part in the budget process to ensure the Financial Plan supports our shared vision for a thriving and sustainable community. Community input will continue to be pivotal in shaping a budget that reflects the values and priorities of our diverse city.
Budget 2026 Timeline, Reports, and Workshops
September 15, 2025 – 2026 Fees and Rates Review, Budget 2026 Process, Schedule, and Baseline Property Tax and Utility Rate Projections
October 27, 2025 – General Fund Operating Budget Scenarios
November 10, 2025 – 10-Year Capital Vision and Funding Strategy, 2026 Proposed 2026 Utility Rates, Response to Council Questions
December 8, 2025 – Proposed 2026 General Fund Operating Budget Enhancements and Funding Strategy, Response to Council Questions
December 15, 2025 – General Fund 2026-2030 Capital Plan and Funding Strategy
February 2026 – 2026 Budget and Five-Year Financial Plan Bylaw, Three Readings, and Adoption
