Staff had initially proposed an increase of 5.5 per cent, but Mayor Ken Sim said additional savings and revenue sources allowed the final figure to come in at the lower figure.
WATCH: Vancouver city council is pushing city staff to carve millions of dollars out of the budget, with the goal of shrinking the property tax increase for homeowners. As Andrea Macpherson reports, while that budget plan will be passed by the ABC majority, Vancouver taxpayers could still end up paying a lot more next year.
City staff had initially proposed an increase of 5.5 per cent, but Mayor Ken Sim said additional savings and revenue sources allowed the final figure to come in at the lower figure.“The property tax increase is coming in at 2.9 per cent plus a one per cent allotment for capital, to invest in infrastructure, and that came without cutting any services, and even adding things like making sure our firefighters have suits that don’t cause cancer.”ABC Vancouver Coun.
Vancouverites are also looking at the prospect of several user fee increases, including a 6-per cent fee hike for recreation facilities, a 6-per cent fee hike for most business licences, and a 3-per cent increase to building and development permit fees.Vancouver council consider 5.5% property tax hike for 2025
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