The City of Vancouver collected $1,183,722,000 in property taxes last year, which is up by 57% from 2017. Is this kind of growth in taxation sustainable? City Council will be reviewing the the 2023 Statement of Financial Information (SOFI) during the April 24, 2024 Standing Committee Meeting. According to the SOFI report, the City generated over $2.6 billion in revenue in 2023. Further details are available in our previous post: 2,340 City of Vancouver employees earned over $100,000 in 2023. Sunshine list reveals that 4,083 City employees made over $75,000. Staff salaries totalled $1.15 billion
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And I feel that most of the money is wasted as no improvements in facilities for all and in development which involves the residents. A very poor return on the money in my opinion.