Port Moody - Council Approves Provisional Budget with Reductions to Lower Tax Rate Increase for Port Moody Residents

Port Moody - Council approves provisional budget with reductions to lower tax rate increase for Port Moody residents

At the January 20, 2026 Finance Committee meeting, Port Moody City Council approved the provisional 2026 budget with a property tax rate increase of 4.25 per cent for the average household. This incre. . .

Port Moody approves provisional 2026 budget with 4.25% tax hike, but eyeing more cuts

Port Moody council unanimously approved a provisional budget that would see residential property taxes rise by 4.25 percent in 2026, while deferring decisions on several contentious revenue sources and service cutting proposals. The decision, unanimously approved at a Jan. 20 committee meeting, provisionally approves the city’s 2026 budget and capital, while directing staff to return in April with a formal bylaw and tax rate bylaw for final cons…