This project has been archived and is no longer being updated. For the latest information, please visit the City's Financial Plan webpage by clicking here.

Building our 2023 budget

In February 2023, the City of North Vancouver invited community members to share their perspectives to help inform the 2023 Annual Budget. Each year, the City creates a budget that determines how much money it will bring in and how much it will spend within that year. The budget considers external economic pressures and the long-term vision for the City, balanced with the need to provide the essential City services that residents rely on every day.

2023 Draft Budget in brief

These are extraordinary times for everyone, including local government. Ongoing impacts from the global pandemic and other economic realities like inflation make it especially important to develop a Financial Plan that balances both fiscal prudence and the need to maintain City service levels while continuing to invest in community infrastructure.

The 2023 Draft Financial Plan proposes a base budget of $303.8 million. The three main categories of this budget are:

• Operating budget of $94.8 million
• Capital budget of $76.7 million
• Utilities budget of $38.5 million

Learn more about the 2023 draft budget by reading the 2023 Budget in Brief or the 2023-2027 Draft Financial Plan Council Report.

Please reach out to the project team at finance@cnv.org. You can also visit the Financial Plan Webpage(External link) for more information.