2010 Budget
In the five year plan of the Downtown Victoria Business Association, the 2010 budget is identified as being $883,633.
| Income | |
| BIA levy | $ 883,633 |
| Expense | |
| Administration | $ 282,762.56 (32%) |
| Clean & Safe & Beautification | $ 247,417.24 (28%) |
| Marketing & Events | $ 318,107.88 (36%) |
| Networking & Partnership | $ 35,345.32 (4%) |
| Total Expense | $ 883,633 (100%) |
The current annual budget of the DVBA has been developed using a Business Improvement Area levy rate of less than 60 cents per $1000 of assessed value for all class 5 & 6 commercial properties, except hotels. All hotels within the BIA boundaries are assessed at less than 30 cents per $1000 of assessed value, in recognition of their financial contribution to tourism promotion through payment of a room tax.
Since 2005, the BIA levy ratio has progressively dropped from 80 cents/$1000 to 60 cents/$1000 for class 5 & 6 commercial properties and from 40 cents/$1000 to 30 cents/$1000 for hotels. In the coming five years, it is anticipated that the BIA levy ratio will continue to drop in a manner similar to the first five years.
The following are the proposed annual budgets for the next five years, based on an increase of 2.5% per annum:
| 2010 | 2011 | 2012 | 2013 | 2014 | |
| $883,633 | $905,724 | $928,367 | $951,576 | $975,365 |