2026 - 2030 Surrey Financial Plan

FINANCIAL SUMMARY—REVENUE

(in thousands)

2024

2025

2025

2026

2027

2028

2029

2030 PLAN

REVENUE SUMMARY

ACTUAL ACTUAL BUDGET BUDGET PLAN PLAN PLAN

CORPORATE REVENUES General Property Tax Levy

$ 438,060

$ 475,877

$ 472,908

$ 519,518

$ 547,505

$ 576,922

$

607,841

$ 497,789

Property/Folio Growth (City's Portion) Property Tax Rate Increase/(Decrease)

7,955

7,296

7,094

5,195

5,475

5,769

6,078

7,467

29,171

14,587

14,587

22,892

24,042

25,250

26,518

14,362

Provision for Adjustments

-

-

(100)

(100)

(100)

(100)

(100)

(100)

475,186 31,031 52,142 558,359

497,760 33,585 52,922 584,267 39,123 20,457 59,580 34,640 37,259 12,194 10,783 22,979 791,047 85,710 2,619

494,489 31,264 52,475 578,228

547,505 33,353 54,024 634,882

576,922 33,515 54,564 665,001

607,841 33,682 55,109 696,632

640,337 33,857 55,660 729,854

519,518 33,196 53,489 606,203

Grants in Lieu

Capital Parcel Tax

Taxation

Secondary Suite Infrastructure Fee Other Corporate Fees & Charges

37,129

35,492

43,602

44,898

46,263

47,652

42,328

5,246

4,646

6,150

6,300

6,450

6,600

6,000

42,375

40,138

49,752

51,198

52,713

54,252

Corporate Sale of Goods and Services

48,328

93,014

62,390

60,409

53,878

48,001

42,712

Corporate Investment Income

62,665

Provincial Casino Revenue Sharing Other Corporate Government Transfers Corporate Government Transfers

2,898

2,962

2,462

2,487

2,512

2,537

2,438

68,789 75,130 13,206 10,616 23,822 793,977

60,923 63,885

31,977 34,439 16,744 11,000 27,744 807,226

31,977 34,464 19,286 11,000 30,286 834,827

21,977 24,489 19,474 11,000 30,474 852,309

21,977 24,514 17,394 11,000 28,394 879,726

32,642 35,080 15,850 11,000 26,850 779,126

Corporate Lease Revenue

13,392

Penalties & Interest

8,000

21,392

Corporate Other Revenues Total Corporate Revenues DEPARTMENTAL REVENUES General Government City Manager

766,033

876

106

2,400 6,920 1,544

2,225 6,844 1,640

2,225 7,049 1,689

2,225 7,261 1,740

2,225 7,479 1,792

2,225 6,645 1,592

Corporate Services

3,584 1,510 5,970

6,744 1,489 8,339

Finance

10,864

10,709

10,963

11,226

11,496

10,462

Public Safety

Bylaw Services

12,992

13,806

11,139

11,817

12,171

12,537

12,913

11,473

Surrey Fire Service Surrey Police Service

7,055

7,437

5,352

6,125

6,308

6,497

6,691

5,947

22,389 42,436

11,415 32,658

10,508 26,999

15,793 33,735

16,225 34,704

16,662 35,696

17,105 36,709

15,366 32,786

Other Engineering Services

7,373

9,657

8,477

8,535

8,771

9,013

9,262

8,307

Parks, Recreation & Culture Planning & Development

43,347 35,890

43,273 40,126

37,696 31,379

40,875 35,456

42,100 36,518

43,363 37,613

44,663 38,742

39,685 34,424

Surrey Public Library

2,121

1,764

1,455

1,496

1,496

1,496

1,496

1,496

88,731

94,820

79,007

86,362

88,885

91,485

94,163

83,912

137,137

135,817

116,870

130,806

134,552

138,407

142,368

Total Departmental Revenues

127,160

TOTAL REVENUE

$ 931,114 926,864 $

$ 882,903 906,286 $

$ 938,032 969,379 $

$ 990,716 1,022,094 $

City of Surrey | 2026—2030 Financial Plan | General Operating

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