The 2014 budget released today proposes low taxes, controls spending and invests in key programs, all with city services being enhanced and more Vancouver residents enjoying key community programs than ever before.
“This budget delivers low taxes and even better services for Vancouver, once again reflecting our consistent commitment to strong business discipline at City Hall,” said Mayor Gregor Robertson. “In a difficult time for many local governments, we’re keeping taxes among the lowest and taking care of the services people rely on.”
With the proposed property tax increase limited to 1.9%, the City of Vancouver will have the 2nd-lowest residential tax rate and 4th-lowest business tax rate in the Metro Vancouver region.
Vancouver’s total debt outstanding has declined by $191 million since 2009, with the Vancouver Services Review initiated in the same year having now saved taxpayers a total of $53.1 million.