FVRD Adopts 2025-2029 Financial Plan

The Fraser Valley Regional District (FVRD) Board of Directors has adopted the 2025-2029 Financial Plan Bylaw. The focus of this year’s Financial Plan was to stabilize budgets, maximize external funding sources, limit new requests, keep up with public expectations, ensure healthy workspaces and manage ongoing demands from ever-changing environments.

“Fiscal responsibility is a top priority for the FVRD Board and our staff,” said Patricia Ross, FVRD Board Chair. “The uncertain economic times ahead for our communities validates the importance of the Board’s forethought of securing future needs by planning strategically now, while focused on financial sustainability in the long-term,” she said.

The FVRD manages 114 unique service areas that must be budgeted separately. Each service area has a budget with distinct purposes, unique tax bases, revenues, expenses, and their own designated surplus/reserve savings balances that are not permitted to be shared amongst other service areas. The Local Government Act requirements include a requirement for a Financial Plan bylaw adoption by the end of March each year.  

To review the financial plan please visit our Have Your Say platform for the 2025 Budget project at https://haveyoursay.fvrd.ca/2025-budget