2025-2029 Surrey Financial Plan

STRATEGIC FRAMEWORK

MAYOR & COUNCIL’S VISION

The City continues to carry out its vision with a unwavering commitment to building a vibrant, inclusive community. With Surrey poised to be the first city in B.C. to reach a population of one million people, the Mayor celebrated the city’s evolution into a regional powerhouse, unveiled major initiatives, and outlined a bold course for Surrey’s future. Key Highlights of the 2025 State of the City Address included: Construction of a new 10,000-seat arena: A new facility in City Centre will transform Surrey’s entertainment and recreation landscape. This arena will serve as a cornerstone for a new entertainment district, attracting major sporting events, concerts, and community gatherings. It will be a destination with mixed-use development including a hotel, conference facilities, retail, and restaurants. This project will create a lively, walkable downtown core, foster local economic growth, and become a hub where families and residents can enjoy world-class entertainment in the heart of Surrey. The creation of a new Surrey Healthcare Administrator role: Recognizing the urgent need to improve healthcare access and address inequity, the City will establish this new role. This individual will serve as a champion for innovative health initiatives, working closely with Fraser Health, SFU, community organizations, and first responders to identify gaps and develop tailored solutions. Surrey 2050 Plan Launch: In response to regional plans that overlook Surrey’s rapid growth, the City will develop its own Surrey 2050 strategy. This comprehensive growth plan will set targets for housing, employment, transit, green spaces, and community development, ensuring Surrey’s aspirations are prioritized and integrated regionally. Major Transportation Investments: Breaking ground on Surrey’s largest road project: the 72 Avenue east-west corridor, alongside the construction of the Surrey Langley SkyTrain and planned King George Bus Rapid Transit line. Housing Acceleration: A record 6,297 new homes approved in 2024, announcement of the Gateway project that will bring 1,800 new housing units to the City’s downtown core, and new policies permitting secondary suites in townhouses near transit to boost family-friendly, affordable options. Fiscal Responsibility: A 2025 budget that holds the general property tax increase to 2.8 percent plus a 1 percent road levy – one of the lowest in the region – while adding 25 police officers, 20 firefighters and 10 by-law officers .

City of Surrey | 2025—2029 Financial Plan | Executive Overview

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