At a Special Council Meeting on Monday, March 3, Council approved an Operating Levy increase of 2%, with an Asset Levy increase of 1%.
On a one-time basis, the levy increase was reduced from 4.7% to 2% through:
- the elimination of the Innovation Fund ($953,000);
- a reduction of $1,000,000 in the Wage Contingency Reserve; and
- utilization of approximately $620,000 of the estimated 2024 Operating Surplus.
Council received a report from staff, and a report and presentation from the Finance and Revenue Advisory Committee.
Learn more about the March 3 Special Council Meeting by reading the Council Highlights.
Find out more about the 2025 budget process by visiting the project webpage:
2025 Budget | westvancouverite