
Kamloops council’s Committee of the Whole settles on 9.03 per cent tax increase for 2025
KAMLOOPS — The final big discussion around the City of Kamloops’ 2025 budget was held on Tuesday (March 11) morning as council used a Committee of the Whole meeting to debate the merits of eight supplemental budget items, with funding proposed to come from a variety of sources, including grants and general taxation. Prior to any supplemental budget items being considered, residents were set to face an 8.42 per cent tax hike.
After discussion, the average tax increase for 2025 settled at 9.03 per cent. That is the rate Kamloops homeowners should expect to see this year before forecast drops over the next few years.
“With everything that we know currently, to lower slightly in 2026 with a little more in 2027 and 2028 and then starting to hopefully lower. Obviously, the further you get out the more uncertainty there is, but down to just over four per cent in 2029,” outlined Dustin Rutsatz, Planning and Procurement Manager for the City of Kamloops.