Vancouver 2024 Budget.

2024 Budget

Mayor and Council approved the 2024 Operating and Capital Budget on December 12, 2023. Vancouver City Council has approved:

  • An operating budget for 2024 totalling $2.2 billion
  • A capital budget totalling $367.8 million

Operating budget

The operating budget reflects an overall property tax increase of 7.5%, made up of:

  • 1% for additional infrastructure renewal
  • 3% for Vancouver Police Department (VPD) services
  • 3.5% for funding across all City services

Capital budget

For the 2024 Capital Budget, we are prioritizing the delivery of $1.25 billion in previously approved multi-year capital project budgets along with additions of $367.8 million. The 2024 capital expenditure budget of $782 million represents a 7% increase compared to 2023.

The updated final budget documents will be made available in early 2024. In the meantime, review the Draft 2024 Budget.

Highlights report icon

Draft 2024 Budget  (18 MB)

The purpose of this document is to provide information about our draft 2024 Budget. This comprehensive budget document includes the draft 2024 Operating Budget, Property Endowment Fund operating budget, Capital Budget, and Consolidated 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 draft 2024 Capital Budget.

City services (13.56 MB)

Learn more about services we deliver.

2024 Budget process timeline

  • June 2023

    Develop Budget Outlook

  • Late June 2023

    Council review of Budget Outlook

  • Aug-Sept 2023

    Budget engagement

  • Aug-Oct 2023

    Develop department service plans

  • Sept-Nov 2023

    Develop draft 2024 Budget

  • November 2023

    Council receives draft 2024 Budget

  • November 2023

    Mayor’s Budget Task Force report presented to Council

  • December 2023

    Council approved 2024 Budget