Award-winning Financial Planning

The City earned Distinguished Budget Presentation Awards for the 2018 and 2019 Financial Plans as well as an Award of Excellence for the Colwood Sustainable Infrastructure Replacement Plan from the Government Financial Officers Association.

The City of Colwood is committed to sound financial management and is required by legislation to present a balanced budget every spring.

Like any business or household, the needs and expectations of a municipality are often greater than what can be afforded at one time. Difficult choices must be made based on the priorities of the community and Council. The goal is to deliver a high level of service that strikes a balance between affordability for citizens and city-building initiatives that will improve quality of life while optimizing our tax base. 

2021 Budget process -
join the discussion at City meetings

Council will review and discuss the DRAFT 5-Year Financial Plan 2021-2025 V4 in public meetings. Colwood residents are encouraged to attend meetings to learn more and provide input. Feedback is also welcome by email to finance@colwood.ca.

Date Meeting Budget Topic
Feb 8, 2021 Regular Council Meeting Grant in Aid Applications
March 2, 2021 Special Committee of the Whole Budget Deliberations 
March 3, 2021 Special Committee of the Whole Budget Deliberations 
March 16, 2021 Special Committee of the Whole Budget Deliberations 
March 29, 2021 Special Committee of the Whole Budget Deliberations
April 26, 2021 Regular Council Meeting Financial Plan Bylaw Introduction
May 10, 2021 Regular Council Meeting Tax Rate Bylaw Introduction

Meeting dates are subject to change and additional meetings may be scheduled as necessary. Check the Meeting Calendar for information about all City meetings.

Property tax notices are prepared after the financial plan and tax rate bylaws are adopted by Council. Tax notices are issued near the end of May and tax payments are due on the first business day after July 1st.

Read more about Property Tax.

What is Colwood's overall direction for the future?

The Colwood Official Community Plan outlines the City's vision, goals and objectives based on the input of more than 1400 direct interactions with residents and stakeholders.

Read about Council's Strategic Priorities. Goals for 2019-2023 focus on enhancing Mobility, Prosperity, Governance and Vibrancy.

Additional guiding documents include the Transportation Master Plan, Economic Development Strategy, the Parks & Recreation Master Plan and others. Find them all at www.colwood.ca/Plans.