Budget and Taxation for 2023

Budget and Taxation for 2023

An infographic showing highlights of the 2023 budget



Check Engage Terrace for the 2024 budget, underway now, as well as information on the next steps in the budget cycle.

Budget 2024

Budget 2023

2023 Budget Consultation Report



Municipalities own, maintain, and operate a wide range of infrastructure to support the provisions of needed and desired services for their communities. Examples of these assets include: 

  • police and fire stations 
  • roads and sidewalks 
  • street lighting 
  • pipes and facilities for disposal of sewer and storm water 
  • arenas, pools, sports fields, and playgrounds 
  • and more 

Growth in the community requires expansion to existing infrastructure to provide municipal services for new residents and businesses. Councils are continually challenged to maintain current infrastructure and services while also addressing the demand for enhanced and new services—and keeping it all within affordable levels for their communities. 

Whether your garbage is being collected, your street is being plowed, or you are visiting the splash park, you are witnessing your tax dollars at work. It is municipal budget decisions, at the direction of Mayor and Council, that set the funding levels for the programs and services that maintain your quality of life. Developing this budget involves making difficult decisions between essential programs, infrastructure demands, and the wants and needs of residents.  

The City of Terrace needs to ensure it is budgeting adequately to maintain long-term financial stability for the future of the community as well as focusing on the wants and needs of today.  


We welcome and appreciate public participation in our budget process. There will be a number of ways to take part through each step.



We will post documents as they become available.

Return to main Finance page for more historical documentation