Property taxes in Vancouver will jump by nearly 11 per cent this year after city councillors approved a $1.97 billion operating budget for 2023.
Council voted Tuesday to pass the budget which contains a property tax increase of 10.7 per cent, one per cent higher than the hike proposed last month and more than double the five per cent amount put forward by staff last November.Sign up to receive daily headline news from Ottawa Citizen, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
One per cent of the rate hike will go to the reserve fund and infrastructure renewal, three per cent will be directed to the police department, and 5.7 per cent goes to other city services and will be used as a hedge against uncertain costs.Article content
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