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I've said it here before, but a friend who is pretty high up at city hall is right -- COV doesn't collect enough in taxes for its expenses. The city also is in the red for its future liabilities as well (pensions, etc.), and has been for some time now. This has been a problem for years now.
It's a real problem that no mayor is willing to admit. Expect to see tax increases for the foreseeable future in Vancouver.
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