2022 BUDGET AND FIVE YEAR FINANCIAL PLAN
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) - critical and essential services are provided by Metro Vancouver that are key to the prosperity, resilience and livability of the region.
These services, in partnership with member jurisdictions, include drinking water supply, sewerage and management of solid waste, which represent the majority of both operating and capital budgets and are financed primarily through utility fees. 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. MVHC is financed almost entirely through rents paid by tenants.
The 2022 – 2026 Metro Vancouver Financial Plan has been prepared following direction received at the April 8, 2021 Board Budget Workshop. This has resulted in a plan that maintains the goals and objectives of Metro Vancouver while minimizing impact on the ratepayers of the region for 2022.
- Average Household Impact is
$595 for all regional services, a $21 increase over the prior year (previously projected to be $612 for 2022)
- 3.5% Household Impact increase compared to 6.4% previously projected for 2022
- Total operating budget is
Below please find the links to the 2022-2026 Financial Plan and the individual budget reports presented to the Board and Standing Committees.