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Mayor and Council pass 2017 Vancouver Budget

December 13 2016

2017-2021 Budget Outlook

Today City Council approved Vancouver's 2017 Budget, which offers a broad range of services using a limited range of revenue sources.

The 2017 Budget:

  • Makes a record investment in affordable housing
  • Provides new funding to improve City services like permits and licensing
  • Adds targeted funding to address the fentanyl overdose crisis that is putting a huge strain on City police and fire services

"The City of Vancouver plays a strong role in supporting our city's economic leadership and enhancing the livability and quality of life for our residents," said Mayor Gregor Robertson. "Our economy is thriving and we are responding to a diverse set of needs as our city struggles with the fentanyl crisis and a huge demand for affordable housing."

Budget focus areas

The budget focuses on:

  • Addressing housing needs and building new affordable housing
  • Improving City services like reducing wait times for permits and licensing
  • Investing in child care and City services like libraries and fire response
  • Making Vancouver a greener, more resilient city

This year's Capital Budget invests $80M in affordable housing – the largest one-time investment in Vancouver's history.

Council also approved an extra 0.5% property tax increase to provide funds to support front-line services that are dealing with the fentanyl overdose crisis. In November alone, Vancouver Fire and Rescue Services responded to 735 overdoses and were required to use life-saving naloxone kits 35 times – both figures represent the highest monthly totals in 2016.

The total property tax increase for 2017 is 3.9%.

Fiscally, we continue to maintain our AAA credit rating and remain a national leader in economic growth.

Residents are satisfied with City services

Approximately 75% of Vancouver residents surveyed this year say they are satisfied with City services.

We receive the strongest satisfaction ratings for providing:

  • Sewer, water, and drainage services
  • Fire prevention
  • Medical emergency response
  • Garbage collection, composting, and recycling

Get more 2017 Budget details