5 Year Financial Plan
What is a 5 Year Financial Plan?
The Community Charter requires that Council adopt a 5 Year Financial Plan each year prior to the adoption of the annual Property Tax Bylaw. The purpose of the 5 Year Financial Plan is to provide a budgetary framework for the City to plan the management of its resources, revenues and expenditures in order to best serve the community. The following video provides an introduction to the City's budget process.
Consolidated 5 Year Financial Plan
Consolidated 5 Year Financial Plan (2026-2030) Bylaw No. 10727
Council officially adopted Bylaw No. 10727 at the Regular Council Meeting on Monday, January 26, 2026 at the Richmond City Hall Council Chambers. Public delegations at the Council Meeting were also permitted with regard to this bylaw.
The following documents provide an overview of the Consolidated 5 Year Financial Plan (2026-2030):
Amendment to the Consolidated 5 Year Financial Plan (2026-2030) Bylaw No. 10727
The City’s Consolidated 5 Year Financial Plan (2026-2030) Bylaw No. 10727 was adopted on January 26, 2026, and subsequently additional opportunities and projects have emerged. The current expenditure bylaw does not include these amounts, and the Community Charter allows for amendments to the 5 Year Financial Plan.
The proposed amendment to the Consolidated 5 Year Financial Plan (2026-2030) Bylaw No. 10722, Amendment Bylaw No. 10802 is available here:
Consolidated 5 Year Financial Plan (2026-2030) Bylaw No. 10727, Amendment Bylaw No. 10802
Amendments to the Consolidated 5 Year Financial Plan (2026-2030) Bylaw No. 10727 – Report to Council
The City is required by the Community Charter to undertake a process of public consultation before the amendment is adopted by Council, and to this end; please submit your feedback via email to finance@richmond.ca by October 25, 2026. All feedback received will be circulated to each member of Council.
It is anticipated that Amendment Bylaw No. 10802 will be considered by Council for adoption at the Council Meeting of October 26, 2026, at 7:00pm in the Council Chambers at City Hall. The Council meeting is open to all members of the public. As an alternative to attending in-person you may register to participate remotely or provide comments in advance of the meeting by emailing CityClerk@richmond.ca. Registration to participate remotely is available until 1:00pm on the date of the meeting. Information on how to register is available on the City website: richmond.ca/CouncilParticipation.