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Budgets and Financial Plans

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We want to hear from you what you would like Metro Vancouver to consider as we work to manage overall estimated costs related to our services for 2025. Residents can provide feedback until Monday, September 16, 2024. Input will be shared with the Metro Vancouver Board as members deliberate on the 2025 Budget and Five-Year Financial Plan.

Share your thoughts

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Understanding Metro Vancouver's BudgetUnderstanding Metro Vancouver's Budget994255837

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​Metro Vancouver’s budgets and financial plans

​Metro Vancouver provides services that are key to the prosperity, resilience, equity, and livability of the region through four legal entities: Metro Vancouver Regional District (MVRD), Greater Vancouver Water District (GVWD), Greater Vancouver Sewerage and Drainage District (GVS&DD), and Metro Vancouver Housing Corporation (MVHC).

The majority of Metro Vancouver’s operating and capital budgets are financed primarily through utility fees for drinking water supply, sewerage, and solid waste management.

Property taxes account for a small portion of the Metro Vancouver budget and support the regional parks system, as well as other services including air quality management and regional planning activities.

Metro Vancouver Housing Corporation is a non-profit organization owned by the Metro Vancouver Regional District. Ongoing operations of Metro Vancouver’s housing is financed almost entirely through rents paid by tenants. Investment in new affordable housing over the next 10 years comes from Metro Vancouver in conjunction with various affordable housing funding bodies.

 

 

Latest Financial Reporthttps://metrovancouver.org/about-us/Documents/gfoa-finance-annual-report-2023.pdf, Latest Financial Report Latest Financial Report

​About the budgeting process​​

Our budgeting process begins each year with a review of the capital plan and program. Then, the budget is developed to respond to risks and strategic directions from the Board.

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​​​Budgeting​​ schedule​​

  • Spring - Board Budget Workshop on the financial plan
  • ​​​​Spring-Summer - Review long-term plans, including what assets or infrastructure need upgrades or what needs to be built. Engagement with member jurisdictions for alignment on their own capital work.
  • Fall - Board Budget Workshop with opportunity for public input on budget
  • October - Metro Vancouver Board of Directors considers the next year’s budget and five-year financial plan and approves as appropriate

2024 Budget and 2024-2028 Financial Plan

The 2024 - 2028 Metro Vancouver Financial Plan was prepared following direction received at the April 19, 2023 Metro Vancouver Board Budget Workshop.

  • Reprioritization of projects and programs, resulting in approximately $650 million deferred costs and savings for the region
  • Household impact targets of 12.0% for 2024, 11.0% for 2025, 5.0% for 2026 and 5.0% for 2027
  • Implementation of Liquid Waste Development Cost Charges (DCCs) and Water DCCs to a 1% assist factor
  • Implementation of a new Regional Parks DCC and move it to a 1% assist factor over the financial plan

​2024 budget at-a-glance

In 2024, the average household impact is $698 for all regional services, a $75 increase over the prior year (This is down from what was previously projected in the 5-Year Financial Plan, where we projected that the household impact would be $711 for 2024).​​​

Estimated average cost per household​

​​Per Ye​​​arPer Month
Regional Planning Per year: $4
Per month: $0.33
Air Quality Management Per year: $7 Per month: $0.58
Regional Parks Per year: $60 Per month: $5
​Solid Waste Services Per year: $68 Per month: $5.60
Drinking Water Services Per year: $189 Per month: $15.75
​Liquid Waste Services Per year: $349 Per month: $29.08​
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Where the money comes from

 

Where the money goes

 
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2024 budget documents and reports ​

 

 

Overview of 2024 Metro Vancouver Budgethttps://metrovancouver.org/about-us/Documents/overview-metro-vancouver-budget-2024.pdf, Overview of 2024 Metro Vancouver BudgetOverview of 2024 Metro Vancouver Budget
2024 - 2028 Financial Planhttps://metrovancouver.org/about-us/Documents/financial-plan-proposed-2024-2028.pdf, 2024 - 2028 Financial Plan2024 - 2028 Financial Plan
2024 - 2028 Financial Plan Standing Committee Reportshttps://metrovancouver.org/about-us/Documents/financial-plan-standing-committee-reports-2028.pdf, 2024 - 2028 Financial Plan Standing Committee Reports2024 - 2028 Financial Plan Standing Committee Reports

  
  
collapse Group : 2023 ‎(6)
Overview of 2023 Metro Vancouver BudgetOverview of 2023 Metro Vancouver Budget
2023 Audited Financial Statement2023 Audited Financial Statement
2023 - 2027 Financial Plan2023 - 2027 Financial Plan
2023 Statement of Financial Information (Public List) 2023 Statement of Financial Information (Public List)
2023 - 2027 Financial Plan Standing Committee Reports2023 - 2027 Financial Plan Standing Committee Reports
2023 Financial Report2023 Financial Report
collapse Group : 2022 ‎(6)
2022 Statement of Financial Information (Public List) 2022 Statement of Financial Information (Public List)
Overview of 2022 Metro Vancouver BudgetOverview of 2022 Metro Vancouver Budget
2022 Audited Financial Statements2022 Audited Financial Statements
2022-2026 Financial Plan2022-2026 Financial Plan
2022-2026 Financial Plan Standing Committee Reports2022-2026 Financial Plan Standing Committee Reports
2022 Annual Financial Report2022 Annual Financial Report
collapse Group : 2021 ‎(6)
Overview of 2021 Metro Vancouver BudgetOverview of 2021 Metro Vancouver Budget
2021 Audited Financial Statements2021 Audited Financial Statements
2021-2025 Financial Plan2021-2025 Financial Plan
2021 Statement of Financial Information2021 Statement of Financial Information
2021-2025 Financial Plan Standing Committee Reports2021-2025 Financial Plan Standing Committee Reports
2021 Annual Financial Report2021 Annual Financial Report
collapse Group : 2020 ‎(5)
2020-2024 Financial Plan Report to Metro Vancouver Boards2020-2024 Financial Plan Report to Metro Vancouver Boards
2020 Audited Financial Statements2020 Audited Financial Statements
2020-2024 Financial Plan2020-2024 Financial Plan
2020-2024 Financial Plan Standing Committee Reports 2020-2024 Financial Plan Standing Committee Reports
2020 Annual Financial Report2020 Annual Financial Report

 

 

Metro Vancouver Budget ProcessMetro Vancouver Budget Process446969125

 Related links

 

 

Latest Financial Reporthttps://metrovancouver.org/about-us/Documents/gfoa-finance-annual-report-2023.pdf, Latest Financial Report Latest Financial Report

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Contact


Budget Engagement​

Share your feedback any time about Metro Vancouver’s budget

Information Centre​

Monday to Friday
​8:00 am - 4:30 pm

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Awards


The​ Canadian Award for Financial Reporting from the Government Finance Officers Association of the United States and Canada recognizes Canadian local governments that go beyond the minimum requirements of generally accepted accounti​ng principles to prepare annual financial reports in the spirit of transparency and full disclosure.

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