RICHMOND
| Stat | Value | Date |
|---|---|---|
| Population | 209,937 | 2021 |
| Population | 198,309 | 2016 |
| Tax revenues | $0.644 billion | 2022 |
| Tax revenues | $0.575 billion | 2021 |
| Tax revenues | $0.579 billion | 2020 |
| Tax revenues | $0.581 billion | 2019 |
| Property tax | $0.524 billion | 2022 |
| Property tax | $0.496 billion | 2021 |
| Property tax | $0.413 billion | 2020 |
| Property tax | $0.463 billion | 2019 |
Resources
The City of Richmond has released its 2023 Annual Development Cost Charges (DCC) Report, providing an overview of the city's DCC program and financial activities from the previous year.
Key Highlights:- The report covers DCC amounts received, reserve fund expenditures and balances, as well as any waivers or reductions.
- The city completed a major DCC update and public engagement process in 2022, with new DCC rates approved by Council in 2023 under Bylaw No. 10436.
- The 2023 Annual DCC Report will be available on the city's website before June 30, 2024.
- Description and Principles: The report outlines the DCC program's description and guiding principles.
- 2023 DCC Reserve Fund Balances: The report includes details on the DCC reserve fund balances for 2023.
- 2023 DCC Credits: The report provides information on DCC credits issued in 2023.
- 2023 and 2024 DCC Programs: The report outlines the DCC programs for 2023 and 2024.
- Waivers and Reductions: The report includes details on any DCC waivers or reductions granted in 2023.
- Municipal Assist Factor: The report discusses the municipal assist factor, which is a percentage of the total DCC program costs that the city covers.
The 2023 Annual DCC Report is part of the city's efforts to ensure responsible financial management and governance, as outlined in its Strategic Plan 2022-2026.
The City of Richmond's Mayor Brodie has recognized the significant contributions of Joe Erceg, the General Manager of Planning and Development, who has served the city for 26 years.
Joe Erceg's Contributions- Served as the General Manager of Planning and Development for the City of Richmond for 26 years
- Played a crucial role in the city's development and land use planning during his tenure
- Received congratulations and gratitude from Mayor Brodie for his dedicated service and significant contributions to the city
The City of Richmond is set to update its Economic Development Strategy, aiming to attract and retain businesses while fostering a thriving, diversified economic and employment base. The proposed approach involves engaging the business community and broader stakeholders to develop a new vision and key goals.
Key Highlights:- The city adopted its first Economic Development Strategy in 2002, implementing actions such as business retention and expansion, economic indicators, and the Economic Advisory Committee.
- In 2014, the city endorsed the Resilient Economy Strategy, focusing on light industrial capacity, sustainable growth, and economic diversification.
- The new Economic Development Strategy will be developed through research, analysis, business/public engagement, and the creation of guiding principles.
- The draft strategy will be presented to the City Council for endorsement.
- Proactive stakeholder and civic engagement
- Strategic and sustainable community growth
- Leadership in environmental sustainability
- Vibrant, resilient and active communities