Vancouver 2023 Budget

2023 Budget

To build our budget each year, we must balance the need to provide services, facilities, and infrastructure that meet the needs of our residents and businesses with the desire to keep property tax and utility rate increases at a manageable level.

Because of the 2022 municipal election, the timeline for the 2023 budget is different from previous years to give the newly elected Council time to consider the budget.

What's happening2023 Operating Budget approved

  • On November 29, 2022, the Draft Current State Operating and Capital Budget was presented to City Council.
  • On December 6, City Council approved the 2023 Capital Budget and referred the 2023 Operating Budget to Q1 for further consideration.
  • On February 28, 2023 City Council approved the 2023 Budget with some changes.
Highlights report icon

Amended 2023 Draft Budget (6 MB)

Our key challenges and opportunities, property tax scenarios, capital budget, and draft operating budget.

Supporting information

Financial reports and information

Capital budget and operating budget tables, public engagement reports, and supporting information.

Open data

Detailed datasets for the 2023-2026 Capital Plan and 2023 Capital Budget.

City services (31.82 MB)

Learn more about services we deliver.

2023 budget process timeline

  • April-May 2022

    Establish Five-Year Financial Plan

  • June 2022

    Develop Budget Outlook

  • July 2022

    Council review of Budget Outlook

  • August-October 2022

    Develop service plans

  • September-November 2022

    Develop Draft Budget for Council consideration

  • December 2022

    Discussion/interim decision on Draft Current State Operating and Capital Budget 2023

  • January-February 2023

    Public engagement

    Council priority setting

  • February 2023

    Council approves final 2023 Budget

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