Belinda Bowden

This document outlines The Corporation of the City of Vernon's financial plan for 2026-2030, adopted via Bylaw Number 6065. It details projected revenues from sources such as taxation, user fees, and sales, alongside expenses including communications, supplies, and salaries. The plan also incorporates a comprehensive revenue policy addressing taxation allocation, service fee recovery, and infrastructure funding to ensure fiscal responsibility and meet community needs.

This document is a Financial Plan for The Corporation of the City of Vernon, covering the period 2025-2029. It outlines the municipality's financial strategy, encompassing detailed revenue and expense projections, and a comprehensive revenue policy. Key strategic areas include taxation, municipal fees, other revenue streams, parcel taxes, and a dedicated commitment to infrastructure funding through an annual levy.

The City of Vernon's Strategic Plan outlines its direction and goals to foster a safe, inviting, progressive, and prosperous community. It is built upon five strategic priorities: livability, vibrancy, recreation, parks and natural areas, environmental leadership, and governance and organizational excellence. The plan envisions a prosperous and sustainable future for Vernon, characterized by preserved green spaces, adequate housing for all, vibrant neighborhoods, diverse transportation options, a revitalized downtown, and abundant age- and youth-friendly activities, creating a thriving environment for residents, businesses, and visitors.

The Advisory Planning Committee (APC) meeting agenda included the adoption of the agenda and the minutes from the January 14, 2025 meeting. The primary new business item involved reviewing and providing a recommendation to Council concerning Development Variance Permit Application DVP00671 for a proposed commercial shopping centre at 1501 Highway 6, which sought to increase vehicle parking spaces from 222 to 371. An information item consisted of a verbal update from the Staff Liaison regarding APC-related items discussed at the last Council meeting.

This document, the City of Vernon's Financial Plan for 2026-2030, serves as a roadmap for enhancing local government accountability and service delivery. It outlines proposed expenditures, funding sources, and transfers, guided by Council's strategic priorities. Key focus areas include ensuring housing diversity and development, enhancing community safety, promoting proactive planning, fostering liveability vibrancy through a vibrant downtown, arts, culture, and economic prosperity, ensuring robust recreation, parks, and natural areas, demonstrating environmental leadership through asset management and climate action, and upholding governance and organizational excellence.