It\u0027s the highest property tax increase in Vancouver in more than a decade.
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.Start your day with a roundup of B.C.-focused news and opinion delivered straight to your inbox at 7 a.m., Monday to Friday.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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