District of North Vancouver staff say keeping current service levels in 2027 could require a property tax increase of about 7.5 percent, according to a staff report going to council on Monday.
The figure is a preliminary estimate, not a proposed tax rate. Council is not voting on a tax increase at the September 21 meeting. Instead, council will consider the first three readings of a bylaw amending the district’s 2026 to 2030 financial plan.
The staff report says the projected 2027 tax requirement has climbed from about 5.6 percent to about 7.5 percent as budget planning for next year gets underway. The report lays out three paths: One would reduce service capacity to hold the increase near 3.5 percent. A second would make moderate service adjustments for an increase between 4.5 and 6.5 percent. The third would maintain current service levels at about 7.5 percent.
Staff expect to bring detailed budget options to the newly elected council in November, with public engagement planned for the first quarter of 2027, according to the staff report. The outlook is part of the 2027 budget process now underway.
The bylaw amendment before council Monday would add about $1.234 million to 2026 operating expenses and raise debt servicing costs by $581,000. It also moves $10.83 million in affordable housing funding forward for projects at Lillooet and West 16th, and includes the final $4 million payment for the Lower Lynn improvements.
