City of Surrey's Annual Financial Report 2021

MESSAGE FROMTHE MAYOR

The City of Surrey has the distinction of keeping property tax rates at 2.9% over the last four years. City Council made it a priority to hold the line, especially in light of the COVID pandemic which has created challenges for individuals and businesses alike. I am also proud to say that the measured approach to finances did not exclude the building of new infrastructure projects that will benefit our growing city. The Capital Parcel Tax was implemented for the express purpose of funding recreation and cultural infrastructure projects, which has helped to fund 21 capital projects to date. The projects range from park improvements to major community amenities such as the new Newton Community with a 50-metre pool. Below is a list of the projects that have been funded with the Capital Parcel Tax funds since 2020.

1. Newton Community Centre & Pool 2. Cloverdale Sport & Ice Complex 3. City Centre Sports Complex - Phase 1 4. Bear Creek Park Athletics Centre 5. Tamanawis Park - 3rd Field Hockey Turf & Changeroom 6. Sunnyside Reservoir Pickleball & Bike Park 7. Crescent Park Pickleball Courts 8. Indigenous Carving Centres 9. Newton Athletic Park Walking Track 10. Disc Golf at Port Mann Park 11. Crescent Park Studio/Building Renovation

12. Newton Turf & Washroom/Changeroom 13. South Surrey Athletic Park Track Replacement & New Artificial Field 14. Artificial Turf Field Replacements at Five Locations 15. Biodiversity Preserve Park Improvements 16. Outdoor Volleyball Courts 17. Trail & Path Development 18. New Park Shelters 19. Future Sport Facility Site Development 20. Park Improvements 21. New Park Washrooms

The balance that Council has struck on balancing budgets and meeting the public amenity needs of its citizens has put Surrey on track to prosper as we emerge from the COVID pandemic. I can assure you that as we move forward, Council will continue to ensure that there will be no property tax shocks and that Surrey remains in the bottom third for property taxes in Metro Vancouver. The success we are experiencing is evident by the number of people who have made Surrey their home and the businesses which have relocated or expanded here. The future is bright for our City and we all play a role in the continuing success of Surrey.

Sincerely,

Doug McCallum Mayor

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