Vancouver's budget consists of a capital and an operating component. In 2023, the operating budget was $1.97billion, with a 5-year financial plan, developed in 2022, that projected the budget would increase to $2.46billion by 2027. The 2023 capital budget was $580million, with a 2023 to 2026 Capital Plan that anticipates $3.5billion in expenditures in those four years. Budget increases are primarily funded through increases in property taxes and community amenity contributions imposed in exchange for increases in allowable density as part of the construction permitting process. Utility and other user fees have also been increased but represent a small portion of Vancouver's overall budget.
Vancouver's budget consists of a capital and an operating component. In 2023, the operating budget was $1.97billion with a 5-year financial plan, developed in 2022, that projected the budget would increase to $2.46billion by 2027. The 2023 capital budget was $580million, with a 2023 to 2026 Capital Plan that anticipates $3.5billion in expenditures in those four years. Budget increases are primarily funded through increases in property taxes and community amenity contributions imposed in e,xchange for increases in allowable density as part of the construction permitting process. Utility and other user fees have also been increased but represent a small portion of Vancouver's overall budget.