Metro Vancouver Board Approved 2021 Budget

Metro Vancouver Board Approved 2021 Budget

Metro Vancouver Board Approves Budget and Five-Year Financial Plan

On October 30, 2020 the Metro Vancouver Board endorsed the 2021 annual operating budget necessary to provide services and to build, maintain, and upgrade the infrastructure needed to support a livable region.

The approved budget of $939.5 million is $28 million dollars less than what was proposed in the previous planning cycle.

In 2021, the average household will pay an additional $17 for all Metro Vancouver services, for an annual total of $577. The 3.2% increase is less than half of what was previously projected for 2021 and will be used for crucial upgrades to water, wastewater, and solid waste infrastructure along with improvements to air quality, affordable housing, and regional parks services that will benefit all of the region’s residents.

Additionally, we are projecting over $6 billion in capital investments for critical infrastructure over the five years. These investments will go toward major capital projects that will make infrastructure more resilient to earthquakes, accommodate future population growth, and ensure we meet federal requirements such as mandatory secondary wastewater treatment.

Learn more about the 2021 budget and five-year financial plan.