One councillor called the city's financial plan “a very, very good deal for local government.”
Burnaby city council has approved its 2023-2027 financial plan which includes a property tax hike of 3.99 per cent.At the meeting, councillors praised the skills of Burnaby’s financial department in crafting the budget, noting Vancouver is facing a 10.7 per cent property tax hike, and Surrey is staring down a 17.5 per cent increase.
“That’s the city’s share – $1,931 for the whole household,” Dhaliwal said. “And that’s less than $6 a day – that is for fire, the police, the roads, the library, the parks, and you add another, approximately, $3 for your water, sewage, your garbage pickup. That’s only $9 a day per household.” The capital plan is $291.4 million, allocated to major civic projects, including the Burnaby Lake Aquatic and Arena, the replacement of Fire Station 4 and the construction of the new Fire Station 8 on Burnaby Mountain.
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