Vancouver’s 2025 draft operating budget reaches $2.36 billion

Vancouver's 2025 draft operating budget proposes a 5.5% property tax increase, totaling $2.36 billion. This includes a $434 million request from the Vancouver Police Department. The increase is intended to balance the budget through efficiencies and additional revenue, costing an estimated $77 for a median strata unit and $211 for a median single-family home. Public feedback emphasized city services and housing, with some suggesting a reduction in the police budget. The budget will be finalized on December 10.