For the next 13 days, I am going to be reviewing the 13 Strategic Objectives identified in the draft 2015-18 Strategic Plan that has been prepared by City of Victoria Council. The focus of my review will be on exploring the practical realities and possible future impacts of each Objective and associated Outcomes, Actions, Considerations, and Estimated Resources – especially as they relate to the City’s new budgeting by priorities approach to financial planning. Continue reading Priority Based Budgeting – Objective # 1
As noted in the City of Victoria’s Budget at a Glance document:
The City is undertaking a new approach to the financial planning process, moving away from expense-based budgeting and towards budgeting by priorities, outlining services and capital projects, including the costs, revenues and benefits of each.