Burnaby

City of Burnaby Adopts 2024-2028 Financial Plan with Focus on Taxation Revenue and Property Tax Distribution

City Council Meeting
Date: 2024-02-12
finance


Bylaw No. 14633 CITY OF BURNABY BYLAW NO. 14633 A BYLAW to adopt the 2024 to 2028 Financial Plan

  • Proportion of Total 2024 Revenue: Taxation Revenue 40.2%, Community Benefit Bonus 16.9%, Sale of Goods and Services 16.4%, Other Revenue 9.0%, Investment Income 8.5%, Transfer from Other Governments 5.4%, Parcel Taxes 2.2%, Contributed Asset Revenue 0.8%, Transfers from Restricted Funds and Development Cost Charges 0.6%.
  • Distribution of 2024 Municipal Property Taxes: Residential 51.2%, Business 38.2%, Light Industry 5.4%, Others 5.2%.
  • Permissive Tax Exemptions: Council grants exemptions based on guidelines to non-profit organizations used primarily by Burnaby residents.
Main minute
14633.Financial Consolidated Five-Year Plan Bylaw 2024.final (FA).pdf