Town Of Comox Adopts 2025-2029 Financial Plan

Comox Council has adopted its Five-Year Financial Plan.

The budget includes an increase to the general municipal levy of $145.58 on the Town’s share of the tax bill for a home assessed at approximately $830,000. Council also approved the “Infrastructure Renewal Fund” increase of $51.79 to address the gap between available funding and the amount needed to maintain infrastructure.

In a release, the Town says the budget supports its Strategic plan 2022- 2026, which includes investments in parks and trails, the Comox Marina waterfront, and cost sharing with the City of Courtenay on the extreme weather shelter.

The budget also supports an additional police officer, highlighting what the Town says is its commitment to emergency services.

Mayor Nicole Minions says they will continue to advocate for increased funding from the provincial and federal governments to offset costs to taxpayers on improvements to infrastructure, facilities and other services.

Town updates its 5-year Financial Plan annually to balance any changing needs and priorities within the community and then establishes the annual Tax Rate bylaw.

Find more on the budget and tax rates at Town of Comox.