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
Review of Utility Rates and Budgets
2023-11-14The 2024 District Energy Utility Rates report for the City of Richmond recommends amending bylaws to introduce new rates for Alexandra, Oval Village, and City Centre District Energy Utilities. The report proposes a 6.7% rate increase for commercial and two utility services, and a 1.0% increase for residential services in the Alexandra District Energy Utility. These rates aim to keep energy costs competitive and ensure financial sustainability, considering increased costs and inflation impacts. The report was adopted on consent.
2024 Utility Budgets and Rates
2023-11-14The 2024 Utility Rates and Budget report proposes new rates for water, sewer, flood protection, and solid waste services in Richmond, reflecting cost increases primarily driven by Metro Vancouver. The report recommends adopting Option 3 for most services, aiming for financial sustainability and service maintenance. If the Finance Committee endorses it, amendment bylaws will be introduced at Council Meetings before adoption, for implementation by January 1, 2024