2022 Budget Engagement

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The District of Tofino’s 2022-2026 financial planning process is now complete and the 2022 Budget has been adopted.


Understanding the Municipal Budget

How does the budget process work?

The planning period for municipalities is five years. Each year, the District of Tofino updates its five year Financial Plan, which includes operating and capital budgets for each of the years contained in the plan.

What's involved in budgeting considerations?

Municipalities are required to prepare a balanced budget each year. While a municipality can incur debt to pay for large capital projects, they cannot incur a deficit to fund day to day operations the same way senior levels of government can. In order to balance the budget, a careful analysis must be done regarding the level of service required to meet the expectations of the community balanced with realistic taxation and user fee levels.

How is the public involved?

Tofino residents and businesses are encouraged to make Council aware of your priorities, whether you value more parks, reserves for infrastructure, an age-friendly community, or low taxes. We invite you to attend budget meetings, learn about the process, understand the issues and the challenges, and let Council know your thoughts. District staff are available to answer questions, distribute your feedback to Council, and provide clarity.

The District of Tofino’s 2022-2026 financial planning process is now complete and the 2022 Budget has been adopted.


Understanding the Municipal Budget

How does the budget process work?

The planning period for municipalities is five years. Each year, the District of Tofino updates its five year Financial Plan, which includes operating and capital budgets for each of the years contained in the plan.

What's involved in budgeting considerations?

Municipalities are required to prepare a balanced budget each year. While a municipality can incur debt to pay for large capital projects, they cannot incur a deficit to fund day to day operations the same way senior levels of government can. In order to balance the budget, a careful analysis must be done regarding the level of service required to meet the expectations of the community balanced with realistic taxation and user fee levels.

How is the public involved?

Tofino residents and businesses are encouraged to make Council aware of your priorities, whether you value more parks, reserves for infrastructure, an age-friendly community, or low taxes. We invite you to attend budget meetings, learn about the process, understand the issues and the challenges, and let Council know your thoughts. District staff are available to answer questions, distribute your feedback to Council, and provide clarity.

Page last updated: 12 May 2022, 02:16 PM