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City of Vancouver Draft 2015 Budget Includes 2.4% Property Tax Increase

By Christina Newberry2015-02-16

The City of Vancouver has released its draft 2015 budget, which includes a 2.4 per cent increase in property taxes and a 4.3 per cent average utility rate increase. If City Council passes the proposed budget, the total City of Vancouver taxes and fees on a $1 million residential property will increase by $88 over 2014 to a total of $2,894. City utilities include solid waste, sewer and water service.

The proposed budget earmarks $61.3 million for affordable housing, including the creation of 358 units of co-op rental and social housing in partnership with the Community Housing Land Trust Foundation. The budget also allows for the development of the Vancouver Affordable Housing Agency.

Other budget highlights include $38.4 million for transportation, $31.7 million for parks and recreation, and $28.5 million for community facilities.

City Council will vote on the proposed budget on March 3.

Christina Newberry
Christina Newberry is a Vancouver-based writer and editor who writes lifestyle and travel stories for publications both online and in print. When she's not travelling, Christina can be found exploring Vancouver's unique neighbourhoods or puttering in her community garden plot.
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