2026 Budget Consultation

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This consultation has closed. Thank you to everyone who participated.

What we heard: On November 18, 2025, City of Port Moody staff presented a report with consultation results at Finance Committee. Watch the video recording of the meeting and/or review the report and consultation results in the on-table agenda package, item 4.1, pages 9-75). Council will consider this information prior to approval of the Provisional 2026-2030 Financial Plan in January 2026. Final approval of the budget will take place in April 2026 after the City has received the revised tax roll from BC Assessment and final information from the Province.

The budget process is about balancing the delivery of services and programs (spending) with property taxes, fees and charges, and funds from other sources (revenues) to meet the needs of the community. Your input helps Council and the City find the right balance and provide the best value for your tax dollars.

In 2026, the City is proposing to collect $67.5 million – approximately $5.67 million more than in 2025 – in property taxes from residents and businesses to balance the budget. The estimated tax rate increase for the average household is currently being proposed at 8.65 per cent. This means in 2026 the average household would see an estimated increase of approximately $270 for the year – that’s $5.19 per week or $0.74 per day. The increase for each individual household will depend on the value of your property, as assessed by BC Assessment, and your change in assessed value relative to the average change in assessed value for all other households.

Learn more

Here are some resources to explore:

Next steps

A summary of public engagement results was presented to Council for their consideration on November 18, 2025, prior to approval of the Provisional 2026-2030 Financial Plan, scheduled to happen in January 2026. Staff and Council will also consider information collected as part of the 2024 Community Satisfaction Survey, conducted by Ipsos, in budget workshops and deliberations. Final approval of the budget will take place in April 2026 after the City has received the revised tax roll from BC Assessment and final information from the Province. Municipalities must set their property tax rates by bylaw before May 15 of each year.

This consultation has closed. Thank you to everyone who participated.

What we heard: On November 18, 2025, City of Port Moody staff presented a report with consultation results at Finance Committee. Watch the video recording of the meeting and/or review the report and consultation results in the on-table agenda package, item 4.1, pages 9-75). Council will consider this information prior to approval of the Provisional 2026-2030 Financial Plan in January 2026. Final approval of the budget will take place in April 2026 after the City has received the revised tax roll from BC Assessment and final information from the Province.

The budget process is about balancing the delivery of services and programs (spending) with property taxes, fees and charges, and funds from other sources (revenues) to meet the needs of the community. Your input helps Council and the City find the right balance and provide the best value for your tax dollars.

In 2026, the City is proposing to collect $67.5 million – approximately $5.67 million more than in 2025 – in property taxes from residents and businesses to balance the budget. The estimated tax rate increase for the average household is currently being proposed at 8.65 per cent. This means in 2026 the average household would see an estimated increase of approximately $270 for the year – that’s $5.19 per week or $0.74 per day. The increase for each individual household will depend on the value of your property, as assessed by BC Assessment, and your change in assessed value relative to the average change in assessed value for all other households.

Learn more

Here are some resources to explore:

Next steps

A summary of public engagement results was presented to Council for their consideration on November 18, 2025, prior to approval of the Provisional 2026-2030 Financial Plan, scheduled to happen in January 2026. Staff and Council will also consider information collected as part of the 2024 Community Satisfaction Survey, conducted by Ipsos, in budget workshops and deliberations. Final approval of the budget will take place in April 2026 after the City has received the revised tax roll from BC Assessment and final information from the Province. Municipalities must set their property tax rates by bylaw before May 15 of each year.

  • 2026 proposed budget breakdown

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    How much is the City proposing to collect?

    In 2026, the City is proposing to collect $67.5 million – approximately $5.67 million more than in 2025 – in property taxes from residents and businesses to balance the budget. The estimated tax rate increase for the average household is currently being proposed at 8.65 per cent. This means in 2026 the average household would see an estimated increase of approximately $270 for the year – that’s $5.19 per week or $0.74 per day. “Average household” refers to a Port Moody residential property assessed by BC Assessment at the preliminary 2025 average amount of $1,291,000. The increase for each individual household will depend on the value of your property, as assessed by BC Assessment, and your change in assessed value relative to the average change in assessed value for all other households.

    Why is the City proposing to collect more than last year?

    The City is proposing to collect more in property taxes this year to cover rising costs related to factors such as: labour costs including salaries and wages; employee benefits; insurance; and replacement of existing critical infrastructure, amenities, and facilities.

    Click the image below to view a larger version.


  • Proposed capital projects

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    The City has two types of budget expenses: operating and capital. Our operating budget covers spending related to Port Moody’s day-to-day operations. The City’s capital budget funds larger, longer-term projects, mostly related to maintaining, upgrading, and replacing the City’s infrastructure and facilities.

    Here are some of the capital projects proposed in the Draft 2026-2030 Financial Plan:

    • Sewer Capital Infrastructure Program (linear and non-linear);
    • Water Network Infrastructure Asset Renewal Program (linear and non-linear);
    • storm drainage improvements (Moody Centre);
    • Local Road Network (LRN) Road Reconstruction Program (paving for Falcon Drive and McGill Drive);
    • Major Road Network (MRN) Road Rehabilitation Program (paving for Ioco Road as part of the Ioco Road Utility Upgrades Project);
    • Inlet Centre Firehall – replace boilers with air-to-water heat pump;
    • Fleet renewal including a garbage truck, street sweeper, and tandem axle dump truck (also used as a snow plow).

    The projects listed above represent nearly 46 per cent (or $12.4 million) of the proposed capital budget. You can read the full list of proposed capital projects in the Draft 2026-2030 Financial Plan.


Page last updated: 04 Dec 2025, 11:13 AM