The city is looking to give itself some leeway in setting property tax rates to better suit the municipality's needs.
A new draft sustainable finance guidelines removes the provision that the city work towards having a major industry tax rate that doesn't exceed the provincial average.
The policy was to be implemented over a 10-year period, beginning in 2010.
This year's major industry rate was $46 per $1,000 of assessed value, down from $46.88 in 2012. The provincial average last year was $36.87.
Financial planning manager Kris Dalio said it is still an option for council to consider when setting the yearly tax rates.
"We haven't left in such strong language that we have to be at the B.C. average," he said.
During this year's tax-rate deliberations in the spring, finance and audit committee chair Cameron Stolz said that the policy had been "one of the challenges over the last four years."
The new guidelines were presented at a finance and audit committee meeting and have yet to be discussed or approved by council.