Budget 2023

Every year, the City must adopt a five-year financial plan bylaw by May 15 as outlined by the Community Charter. The City of New Westminster has begun the process of developing the financial plan for the years 2023 to 2027, which includes the capital and operating budgets for 2023.

In developing the financial plan, the City is guided by financial sustainability principles to maintain its financial health. Community input is one of several factors that inform the development of the City’s annual budget.

Some of other factors that guide decision-making during the budget process include the mandatory series every municipality must deliver, City Council's strategic priorities, the City’s Seven Bold Steps to address the climate emergency, and the City of New Westminster’s commitment to diversity, equity, inclusion and anti-racism.

There are many opportunities throughout the budget process and during the year for the community to participate and provide input, and we encourage everyone to get involved. The public is encouraged to attend Council workshops during the budget process and there will be an opportunity to provide comments on the draft budget when it is released in February.

Budget Framework

Council Onboarding Sessions
November 2022 to January 2023

Budget Workshop with Council
Utility Budgets and Rate Setting - November 2022
Proposed Service Enhancements - January 2023
Capital 2023 Budget and 2023 to 2027 - February 2023

Draft 2023 Budget and 2023-2027 Financial Plan Released
March/April 2023

Opportunity for Comments & Council Deliberations
February 2023 and March 2023

2023-2027 Financial Plan Adopted
April 2023