Surrey

Surrey 2024-2028 Financial Plan

Regular Council Public Hearing
Date: 2024-04-22
financeservices



The City of Surrey has proposed a 2024-2028 Five-Year Financial Plan that includes a 6% property tax increase, a 1% roads and traffic levy increase, and user fee increases up to 3.5%. The plan focuses on public safety, with funding for additional police, fire, and bylaw enforcement positions.

Public Safety Investments
  • Policing: The City is currently in a legal dispute with the provincial government over the transition to the Surrey Police Service. Any potential financial support from senior governments will be incorporated into future financial plans.
  • Fire Services: The budget includes funding for 20 new firefighter and fire prevention positions to address increased demand in South Surrey.
  • Bylaw Services: The plan includes funding for 10 additional bylaw enforcement officers per year, as approved in the 2023-2027 Financial Plan.
Other Key Elements
  • The roads and traffic levy increase of 1% will support ongoing maintenance and capital improvements to the city's transportation infrastructure.
  • The secondary suite fee increase of approximately $155 per suite is intended to offset the increased costs of city services due to additional demand from secondary suites.
Main minute
F002: 2024 Five-Year (2024-2028) Financial Plan – General Operating