{
  "geography": "City of Victoria (municipality)",
  "scope": "city",
  "levels": [
    "Municipal (City budget)"
  ],
  "period": "December 31, 2025",
  "period_start": "2025-12-31",
  "period_end": "2025-12-31",
  "trend": "context",
  "direction_good": "down",
  "refresh_frequency": "Annually (audited report published mid-year)",
  "id": "net-debt-per-resident",
  "category": "City finances",
  "title": "City net debt per resident",
  "plain_question": "How much does the City owe in long-term debt, net of sinking funds, for each resident, and what share of spending goes to paying it back?",
  "value": 567,
  "display_value": "$567",
  "unit": "per resident",
  "comparison": {
    "previous_period": "2024",
    "previous_value": 427,
    "change_percent": 32.8
  },
  "since_text": "Was $427 in 2024 and $618 in 2021. Debt payments: 2.15% of spending",
  "trend_basis": "Net debt per resident $567 at the end of 2025, compared with $427 a year earlier and $618 in 2021. Debt servicing was 2.15% of expenses in 2025 (2.92% in 2021).",
  "right_direction": "Shown for context, without a “better” or “worse” label: borrowing can pay for long-lived assets, and this site takes no position on the right level.",
  "caveats": [
    "Figures are printed in the Statistics section of the City's Annual Report (not calculated here).",
    "B.C. law limits how much a municipality may spend each year on debt payments; the City's report shows its limit."
  ],
  "charts": [
    {
      "title": "Net debt per resident",
      "fmt": "money",
      "unit": "",
      "lines": [
        {
          "name": "Net debt per resident",
          "area": "city",
          "series": [
            {
              "period": "2021",
              "value": 618
            },
            {
              "period": "2022",
              "value": 549
            },
            {
              "period": "2023",
              "value": 487
            },
            {
              "period": "2024",
              "value": 427
            },
            {
              "period": "2025",
              "value": 567
            }
          ]
        }
      ]
    },
    {
      "title": "Debt payments as a share of spending (%)",
      "fmt": "dec1",
      "unit": "%",
      "lines": [
        {
          "name": "Debt service, % of expenses",
          "area": "city",
          "series": [
            {
              "period": "2021",
              "value": 2.92
            },
            {
              "period": "2022",
              "value": 2.64
            },
            {
              "period": "2023",
              "value": 2.26
            },
            {
              "period": "2024",
              "value": 2.08
            },
            {
              "period": "2025",
              "value": 2.15
            }
          ]
        }
      ]
    }
  ],
  "series": [
    {
      "period": "2021",
      "value": 618
    },
    {
      "period": "2022",
      "value": 549
    },
    {
      "period": "2023",
      "value": 487
    },
    {
      "period": "2024",
      "value": 427
    },
    {
      "period": "2025",
      "value": 567
    }
  ],
  "source": {
    "name": "City of Victoria, Annual Report (Statistics section)",
    "url": "https://www.victoria.ca/city-government/corporate-strategic-plan/annual-report",
    "dataset_url": "https://www.victoria.ca/city-government/corporate-strategic-plan/annual-report",
    "download_url": "https://www.victoria.ca/media/file/annual-report-2025"
  },
  "licence": {
    "name": "Public data, not under an open licence. Used with attribution.",
    "url": "https://www.victoria.ca/legal-disclaimer",
    "open": false
  },
  "verified_text": [
    "Net Debt per Capita $ 618 $ 549 $ 487 $ 427 $ 567",
    "Debt Service as % of Expenses 2.92% 2.64% 2.26% 2.08% 2.15%"
  ],
  "data_published": "2025-07-01",
  "retrieved_at": "2026-11-11T08:25:36Z",
  "attribution": "Source: City of Victoria, Annual Report (Statistics section). Public document, used with attribution; not endorsed by the publisher.",
  "licence_type": "public"
}