Vancouver Faces 43 Million Budget Deficit for 2025-26 Biennium

The City of Vancouver is grappling with a significant $43 million budget deficit for the 2025-26 biennium, a situation exacerbated by widespread inflation and a slowdown in revenue growth. In response, the City Council is actively exploring multiple strategies to close this gap, including potential increases in taxes and fees, such as a cable utility tax and a $10 vehicle license fee. The budget process is conducted biennially, with a strong focus on aligning resources with community priorities through public engagement. Residents are encouraged to participate in shaping the budget by sharing their opinions via surveys and online tools that prioritize key focus areas. The City has established a transparent budget schedule, featuring workshops and public hearings to discuss financial strategies and gather community feedback.

As part of its commitment to community involvement, the City plans to publish the results of the public input process for transparency. This collaborative approach aims to ensure that the budget reflects the needs and values of Vancouver residents. By prioritizing public engagement, the City seeks to create a budget that effectively addresses both current challenges and future opportunities.