On November 25, 2025, Administration presented its fall budget adjustment reports to Council. Administration recommended changes to maintain the planned 6.4% tax increase in 2026. The adjustments will allow the City to continue to tackle budget challenges and keep delivering the 70 services and over 200 construction projects in the 2023-2026 budget.
Administration’s recommended adjustments work within the planned budget increase, targeting $13 million in structural budget variances, which are specific services that are costing more or not taking in as much money as budgeted in 2022. These adjustments include increasing budgets for services that consistently cost more, reducing other services in line with their current budget, some spending reductions and changes to user fees.
Administration is recommending a $98 million increase to the capital budget, mainly for neighbourhood renewal, planning for fire stations, school sites and roadway improvements; a roof replacement to preserve the historically protected Rossdale Power Plant and work to develop a new school site in Windermere. This increase represents less than 1% of the $11 billion capital budget.
The annual update to the carbon budget has also been released. This is a tool to support Council’s decision-making as they adjust the capital and operating budgets. It also tracks progress on the City’s energy transition goals.
Council will deliberate and decide on any adjustments from December 1-4.
See News Release: City releases proposed fall budget adjustments.