Vancouver's budget: Creating a world-class city
As a $1-billion-a-year enterprise, the City is responsible for balancing the provision of valued services and programs to residents, making smart investments in shared priorities, and keeping property taxes at a reasonable rate.
Vancouver has a long history of strong fiscal management and well-maintained civic infrastructure, and has demonstrated consistent, positive financial results. Vancouver’s high credit ratings (Aaa/AA) are among the best for Canadian municipalities, and are supported by a low debt service ratio, a diverse economy, and a strong and stable tax base.
2013 Capital and Operating Budget
On 4 December 2012, Vancouver City Council will consider the new Capital and Operating Budget for 2013.
The 2013 budget takes a responsible and balanced approach that focuses on the long term. The City will align spending with Council’s and residents’ priorities to provide services that we all value, and to deliver them as efficiently as possible.
How we plan the City's finances
The City has recently put in place a multi-year financial planning horizon, which provides a structure to help contain expenses within the available revenue. Financial decisions are now made under the guidance of a strategic ten-year financial planning framework, a three-year financial plan, and combined annual operating and capital budget.
Aligning the capital and operating budgets within this longer framework has improved accountability and enabled a strategic view across all City expenditures.