Six observations from Vancouver's draft budget

We've broken down the things you need to know about the budget

Author

Geoff Sharpe
November 30, 2023

City staff just released their 2024 Budget. Between now and the final vote, things will undoubtedly change, and I hope to keep updated on those. For now, I’ve broken out what I think are some interesting trends and data points. 

Fee increases not a solution

The much-touted fee increases earlier this year on things like parking and licensing don’t amount to much in the grand scheme of the budget. For example, license fee increases account for $15.14 million in new revenue, a 15 percent increase. But that’s only seven percent of the budget’s total increases. 

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