This month, Coquitlam council OK’d its property tax and utilities lift of 6.83 per cent.
On Tuesday, Dec. 17, Port Moody’s finance committee recommended a 6.2 per cent hike in property taxes and utilities next year.
Now, Port Coquitlam is out with its draft budget for 2025, showing a 4.30 per cent uptick — just on its property tax side alone.
And, next month, PoCo officials will reach out on the $144-million draft financial plan that includes cost drivers such as:
- RCMP and labour contracts = 1.43 per cent
- an infrastructure levy for long-term capital funding = one per cent
- inflation and miscellaneous costs = 1.87 per cent
