Improvement district finance

Improvement district boards of trustees are responsible for ensuring that their improvement districts meet the financial obligations necessary to provide service to property owners.

The board is authorized to levy taxes, tolls and other charges, to invest money, to borrow and to expend money.

Taxation

Improvement districts have authority to directly levy and collect property taxes to support the services they provide to properties within their boundaries.

• Learn more about improvement district taxation

Budgeting and borrowing

Improvement districts have the authority to borrow for capital infrastructure. When an improvement district borrows, revenue from taxes and tolls is used to repay the annual interest and principal costs of the debt. Learn more about:

• Budgeting Guidelines
• Borowing Procedures

Capital expenditure charges

Capital expenditure charges on new development help pay for new and expanded infrastructure necessary to meet the demand created by community growth within an improvement district.

• Capital Expenditure Charges

Tolls and charges

Tolls and charges for services provided by the improvement district may be established by bylaw. These may include monthly tolls for water piped to the property line, a one-time charge to establish a connection from the water main to the property line, or charges to turn water on or off. Learn more about:

• Improvement District Connection Charges
• Improvement District Tolls for Services

Accounting and reporting requirements

Improvement districts must provide financial accounting and reporting on their activities over the previous year. These requirements enhance the transparency of improvement district operations and permit informed decision-making by trustees and landowners.

• Learn more about accounting and reporting requirements