HomeNewsIsland & CoastReview process for Nanaimo’s 2024 budget begins next week 

Review process for Nanaimo’s 2024 budget begins next week 

A review into the City of Nanaimo’s 2024-2028 Financial Plan is scheduled to get underway next week, and all residents are invited to provide their insight. 

According to the city, a series of meetings will be convened to review draft budgets over four Special Finance and Audit committee meetings on Nov. 22, 29, and Dec. 1, and a town hall will be held on Dec. 4. 

The city says residents can participate in the Town Hall meeting will start at 7 p.m. and residents can participate in several different ways.  

Mayor Leonard Krog says engagement from those living in the city is key to building a sustainable plan. 

“The city’s budget process is a key step in delivering services to the community,” he says. “I encourage Nanaimo’s residents to review the draft budget, and the budget presentations and join us at the e-Town Hall on Dec. 4.” 

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A draft financial plan, and other related documents, will be available for review at the City of Nanaimo’s website.  

According to the city’s community charter, the city must prepare a five-year financial plan each year, with council adopting the plan before adopting a property tax bylaw by May 15.   

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