Kelowna Well Positioned for Growth and Stability Learn about the priority asks, the challenges, and how the city budget affects your quality of life. The majority of revenue used to fund city operations comes from sources such as user fees and charges, reserves, surpluses and grants. On average, once the Financial Plan is adopted by Council in April and the annual tax rate is set, the City generates approximately 75 per cent of the total annual revenue through sources other than yearly property taxation. “The proposed public safety levy would provide a dedicated and predictable ongoing funding source for one of our highest community priorities and will allow for improved financial planning and forecasting for the future,” said Gilchrist. The 4.01 per cent increase includes the introduction of a one per cent public safety levy, indexed to the greater of growth and inflation or one per cent of the previous years’ taxation demand.
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