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2024 Budget

Update

On February 26, 2024, Council approved Operating and Capital Budgets for 2024, including a property tax increase of 3.54% and an asset levy increase of 4%.

Thank you to everyone who provided feedback on the proposed budget.

View the Five-Year Financial Plan (2024–2028).

Budget background

Each year, Mayor and Council, the Municipal Manager, and staff work together to develop an annual budget and a Five-Year Financial Plan. The budget is developed keeping in mind near-term risks while planning for long-term financial resilience and sustainability. It pays for services provided by the District of West Vancouver, including police, fire and rescue, bylaw enforcement, parks, community centres, cultural programs, the library, capital projects, and much more.

Thank you for visiting the 2024 Budget information page. Here, you'll find answers to frequently-asked questions and learn more about the budget process.

Watch a short video about how the municipal budget works

Review the 2024 Budget Highlights

Find the answers to your questions about the budget in our newly expanded FAQ section - updated January 23, 2024

View the budget information meeting presentation (PDF) - from the January 18 virtual information meeting

Watch a video of the presentation (YouTube) - from the January 18 virtual information meeting

The feedback period has ended. Thank you to everyone who submitted a question or comment.


Video: Understanding the District Budget

Learn what the budget funds, how a municipal budget works, and the difference between the operating budget and the capital budget.



2024 Budget Highlights

Staff developed three budgets, starting with the Minimum Budget as the base and incrementally layering on service level choices to create the Preferred and Best Practice Budgets. Each successive version of the budget options builds upon the preceding budget. The options also prioritize the urgency of replenishing asset reserves to maintain the current state of the District's assets and prevent further degradation.

A chart comparing the proposed tax increased for the three budget options. The proposed operating levy increase is: 3.22M dollar increase/3.65% tax increase for the minimum budget; 3.42M dollar increase/3.88% tax increase for the preferred budget; and 4.21M dollar increase/4.78% tax increase for the best practice budget. The proposed asset levy increase is: 3.53M dollar increase/4.00% tax increase for the minimum budget; 5.29M dollar increase/6.00% tax increase for the preferred budget; and 5.29M dollar increase/6.00% tax increase for the best practice budget. The proposed environmental levy increase is 0 for the minimum and preferred budgets; and 0.44M dollar increase/0.50% tax increase for the best practice budget. The total tax levy increase is: 6.75M dollar increase/7.65% tax increase for the minimum budget; 8.72M dollar increase/9.88% tax increase for the preferred budget; and 9.95M dollar increase/11.28% tax increase for the best practice budget.


For an average single-family detached home assessed at $3.74M and with a median single-family household utilities consumption, the three proposed tax rate increase options would result in the following financial impacts:

A chart comparing the finanical impacts of the three budget options for an average single family detached home with a median utilities consuption. For the minimum budget, the total taxy levy would be $447. The total utility fees would be $193. Together, the total dollar increase would be $640, or a monthly amount of $53. For the preferred budget, the total tax levy would be $578. The total utility fees would be $193. Together, the total dollar increase would be $771 or a monthly amount of $64. For the best practice budget, the total tax levy would be $660. The total utility fees would be $193. Together, the total dollar increase would be $853 or a monthly amount of $71.

Learn more

Find more information about the 2024 Budget and these three budget options in the Budget Highlights (PDF).

See also: 2024-2028 Budget Context Presentation (PDF)

For details of the 2024 Capital Budget, please refer to the General Fund 2024 Capital Project List (PDF).


Frequently Asked Questions

Staff have carefully gathered the most frequently asked budget-related questions received over the past five years. These questions have been grouped according to topic/department, which you can view alphabetically.

Updated January 23, 2024

Click here to view all Frequently Asked Questions.


Budget information meetings

Thank you to everyone who attended a budget information meeting. There was a presentation followed by a question and answer period. See below the presentation from the January 18, 2024, virtual information meeting:

Budget Information Meetings Presentation (PDF)

Watch a video of the presentation (YouTube)

Q&A - January 16, 2024, 1–2 p.m. information meeting (PDF)

Q&A - January 18, 2024, 6–7 p.m. information meeting (PDF)


Thank you for your feedback

The feedback period has ended.

Update

On February 26, 2024, Council approved Operating and Capital Budgets for 2024, including a property tax increase of 3.54% and an asset levy increase of 4%.

Thank you to everyone who provided feedback on the proposed budget.

View the Five-Year Financial Plan (2024–2028).

Budget background

Each year, Mayor and Council, the Municipal Manager, and staff work together to develop an annual budget and a Five-Year Financial Plan. The budget is developed keeping in mind near-term risks while planning for long-term financial resilience and sustainability. It pays for services provided by the District of West Vancouver, including police, fire and rescue, bylaw enforcement, parks, community centres, cultural programs, the library, capital projects, and much more.

Thank you for visiting the 2024 Budget information page. Here, you'll find answers to frequently-asked questions and learn more about the budget process.

Watch a short video about how the municipal budget works

Review the 2024 Budget Highlights

Find the answers to your questions about the budget in our newly expanded FAQ section - updated January 23, 2024

View the budget information meeting presentation (PDF) - from the January 18 virtual information meeting

Watch a video of the presentation (YouTube) - from the January 18 virtual information meeting

The feedback period has ended. Thank you to everyone who submitted a question or comment.


Video: Understanding the District Budget

Learn what the budget funds, how a municipal budget works, and the difference between the operating budget and the capital budget.



2024 Budget Highlights

Staff developed three budgets, starting with the Minimum Budget as the base and incrementally layering on service level choices to create the Preferred and Best Practice Budgets. Each successive version of the budget options builds upon the preceding budget. The options also prioritize the urgency of replenishing asset reserves to maintain the current state of the District's assets and prevent further degradation.

A chart comparing the proposed tax increased for the three budget options. The proposed operating levy increase is: 3.22M dollar increase/3.65% tax increase for the minimum budget; 3.42M dollar increase/3.88% tax increase for the preferred budget; and 4.21M dollar increase/4.78% tax increase for the best practice budget. The proposed asset levy increase is: 3.53M dollar increase/4.00% tax increase for the minimum budget; 5.29M dollar increase/6.00% tax increase for the preferred budget; and 5.29M dollar increase/6.00% tax increase for the best practice budget. The proposed environmental levy increase is 0 for the minimum and preferred budgets; and 0.44M dollar increase/0.50% tax increase for the best practice budget. The total tax levy increase is: 6.75M dollar increase/7.65% tax increase for the minimum budget; 8.72M dollar increase/9.88% tax increase for the preferred budget; and 9.95M dollar increase/11.28% tax increase for the best practice budget.


For an average single-family detached home assessed at $3.74M and with a median single-family household utilities consumption, the three proposed tax rate increase options would result in the following financial impacts:

A chart comparing the finanical impacts of the three budget options for an average single family detached home with a median utilities consuption. For the minimum budget, the total taxy levy would be $447. The total utility fees would be $193. Together, the total dollar increase would be $640, or a monthly amount of $53. For the preferred budget, the total tax levy would be $578. The total utility fees would be $193. Together, the total dollar increase would be $771 or a monthly amount of $64. For the best practice budget, the total tax levy would be $660. The total utility fees would be $193. Together, the total dollar increase would be $853 or a monthly amount of $71.

Learn more

Find more information about the 2024 Budget and these three budget options in the Budget Highlights (PDF).

See also: 2024-2028 Budget Context Presentation (PDF)

For details of the 2024 Capital Budget, please refer to the General Fund 2024 Capital Project List (PDF).


Frequently Asked Questions

Staff have carefully gathered the most frequently asked budget-related questions received over the past five years. These questions have been grouped according to topic/department, which you can view alphabetically.

Updated January 23, 2024

Click here to view all Frequently Asked Questions.


Budget information meetings

Thank you to everyone who attended a budget information meeting. There was a presentation followed by a question and answer period. See below the presentation from the January 18, 2024, virtual information meeting:

Budget Information Meetings Presentation (PDF)

Watch a video of the presentation (YouTube)

Q&A - January 16, 2024, 1–2 p.m. information meeting (PDF)

Q&A - January 18, 2024, 6–7 p.m. information meeting (PDF)


Thank you for your feedback

The feedback period has ended.

  • Questions and comments

    The feedback period was Wednesday, January 3, 2024 to Friday, January 19, 2024 at 4 p.m.

    Thank you to everyone who submitted a question or comment. Responses to questions can be found in our Frequently Asked Questions section.

Page last updated: 08 Jul 2024, 08:29 AM