COQUITLAM, B.C., June 10, 2026 – Coquitlam has now released its 2025 Annual Report and 2026 – 2030 Financial Plan — two key documents that provide a clear picture of the City’s financial position today and its plans for the future.
Published annually in the first half of the year, these reports reflect Coquitlam’s balanced, forward-looking approach to financial planning. They highlight the City’s commitment to transparency, accountability and stability, and help ensure residents have a better understanding of how the City manages public funds and makes strategic decisions.
Where We Are Today
The 2025 Annual Report shows the City remains in a strong financial position, with low debt, prudent reserves, continued infrastructure investment and strong investment earnings. In 2025, the City continued paying down debt without undertaking new borrowing, while strategic investment management generated record returns.
At the same time, the financial environment municipalities are facing is changing. Development-related revenues have slowed due to market conditions and provincial legislative changes, while provincial downloading, economic uncertainty, climate-related impacts and rising costs generally continue to place pressure on local governments. These challenges underscore the importance of the City’s disciplined financial management approach, which helps ensure Coquitlam remains well positioned to deliver services, invest in infrastructure and respond to future needs.
Planning for Tomorrow
The Financial Plan incorporates targeted measures to reduce upward pressure on taxes while maintaining service levels. Focus is deliberately restrained, prioritizing sustaining the core services residents rely on every day. Additionally, while the City's financial statements provide an important snapshot of annual results, they do not fully capture future infrastructure obligations. Coquitlam manages over $6 billion in assets and infrastructure that support essential community services, and the City plans years in advance for asset maintenance, replacement and expansion.
As external pressures continue to grow, the Financial Plan helps balance today’s needs with tomorrow’s priorities, ensuring the City can continue delivering the services and infrastructure residents rely on.
Looking Back and Looking Ahead
Looking Back: Read the 2025 Annual Report at coquitlam.ca/AnnualReport. To share your thoughts about the report, email clerks@coquitlam.ca by noon on June 22, 2026. These comments will be shared with Council for consideration before the report is formally adopted that evening. To provide input in person, visit coquitlam.ca/PublicNotices for details.
Looking Ahead: Read the 2026 – 2030 Financial Plan at coquitlam.ca/FinancialPlan. Residents can also see an overview of the City’s budgets, spending and upcoming projects through clickable maps, charts and graphs in OpenBook, an interactive, data visualization tool. Visit coquitlam.OpenBook.questica.com to explore.
Award Winning Reports
Coquitlam's commitment to transparent and accessible financial reporting has earned national recognition. For more than 20 years, the City has received the Distinguished Budget Presentation Award, Canadian Award for Financial Reporting and the Award for Outstanding Achievement in Popular Annual Financial Reporting from the Government Finance Officers Association, recognizing high standards for clarity, accuracy and accountability.
Media contact:
Gorana Cabral
Finance and Legal General Manager and Chief Financial Officer
604-927-3931
FinanceAdmin@coquitlam.ca
We acknowledge with gratitude and respect that the name Coquitlam was derived from the hən̓q̓əmin̓əm̓ (HUN-kuh-MEE-num) word kʷikʷəƛ̓əm (kwee-KWET-lum) meaning “Red Fish Up the River”. The City is honoured to be located on the kʷikʷəƛ̓əm traditional and ancestral lands, including those parts that were historically shared with the q̓ic̓əy̓ (kat-zee), and other Coast Salish Peoples.