This page is about the 2019 Budget.
Looking for the draft 2020 Budget? Review the draft 2020 Budget
2019 Operating revenue, $1,513 million
55% - Property tax
20% - Utility fees
6% - Licence and development fees
5% - Parking
4% - Program fees
4% - Cost recoveries, grants, and donations
3% - Rental, lease, and other
1% - Investment income
1% - Revenue sharing
1% - By-law fines
To fund our annual budget, the majority of the money we use to run the city comes from property taxes and utility fees collected from homeowners and businesses. The remainder comes from:
- User fees and parking revenue
- Development contributions such as Development Cost Levies, Community Amenity Contributions, and connection fees
- Partner contributions from senior levels of government, other agencies, non-profit organizations, foundations, and philanthropists
- Debt and investment income
Where do my property taxes go?
Less than half of property taxes collected funds city services; the rest goes to the Province and other taxing authorities including regional services such as transit, supplying drinking water, and treatment of wastewater.
37% - Provincial school taxes
9% - Metro Vancouver (tax and utilities)
8% - Translink
1% - BC Assessment and Municipal Finance Authority
45% - City of Vancouver (tax and utilities)
We regularly refocus our spending in response to changes in service demands and priorities over time. When necessary, and where informed by feedback from public consultation and other valued sources, we make new investments in emerging issues.
