Metro Vancouver Regional District FY2027-2031 Budget
The Metro Vancouver Regional District adopted a financial plan for fiscal years 2027 through 2031, repealing the previous 2026 to 2030 financial plan.
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The Metro Vancouver Regional District adopted a financial plan for fiscal years 2027 through 2031, repealing the previous 2026 to 2030 financial plan.
A 5-year financial plan and 2027 budget for Metro Vancouver covering capital and operating expenditures for water services, liquid waste services, solid waste services, housing, regional parks, and other regional district programs. The plan outlines investments in water mains, pump stations, treatment plants, reservoirs, liquid waste collection and treatment, solid waste facilities, housing development, and regional park infrastructure for fiscal years 2027 through 2031.
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The Board meeting agenda included the award of several contracts, including construction for the Langley Recycling and Waste Centre recycling depot, ground improvements for the Northwest Langley Wastewater Treatment Plant Expansion Program, construction management consulting for the Northwest Langley Wastewater Treatment Plant Expansion Project, a standby power system for the Iona Island Wastewater Treatment Plant, and ground improvements for the Annacis Island Wastewater Treatment Plant Stage 5 expansion. The Board also reviewed the revised draft Solid Waste Management Plan, discussed major capital projects updates for liquid waste, and received reports on Development Cost Charges. Additionally, the agenda featured the approval of the 2027 Budget and Financial Plan, various bylaw amendments regarding tipping fees, bylaw violation enforcement, and sewerage area boundaries, as well as the adoption of borrowing bylaws.
The board meeting addressed several key operational and financial matters. Key actions included the adoption of a revised Environmental Policy to advance ISO 14001 certification readiness, and the receipt of reports detailing value engineering for water infrastructure growth projects, the status of major water projects, and the performance of the water system during the summer season. Financial business focused on the review of semi-annual development cost charge revenues and the finalization of the 2027 Budget and 2027-2031 Financial Plan, including the establishment of 2027 water rates. A notice of motion regarding development cost charge rate adjustments was also submitted, and the meeting concluded with a resolution to move to a closed session.
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