Many people like to pay in person and meet the people who manage their tax dollars.
Richmond continues to have the second lowest residential property tax rate compared to the 14 other Lower Mainland cities. Pannell Kerr Forster Consulting Inc. Richmond's low taxation is a result of the ongoing commitment by City Council and City Administration to focus on fiscal responsibility, allowing them to effectively manage expenditures while still providing high quality services to a growing population. Expenditures All City spending is governed by the 5 Year Financial Plan which must be approved by City Council and must comply with the guidelines for municipalities contained in the Local Government Act. All Purchasing is managed by the Purchasing Department in compliance with government purchasing standards and regulations. Investments The City has established guidelines and procedures within the framework of the Municipal Act for the placement of City funds.