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News / Politics / Clark County Politics

Vancouver eyes new taxes on streaming services and commercial parking to address budget shortfall

Deficit will force the city to make budget cuts for the first time in a decade

By Alexis Weisend, Columbian staff reporter
Published: June 11, 2024, 6:15pm
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Work continues on a new parking structure near the waterfront in Vancouver. The Vancouver City Council is considering new taxes, including a commercial parking tax, to help cover a projected budget shortfall.
Work continues on a new parking structure near the waterfront in Vancouver. The Vancouver City Council is considering new taxes, including a commercial parking tax, to help cover a projected budget shortfall. (Taylor Balkom/The Columbian) Photo Gallery

The Vancouver City Council is considering new taxes — including on commercial parking, streaming entertainment and retail businesses — to help cover the city’s projected $43 million shortfall for the 2025-26 budget and pay for the creation of a 150-bed homeless shelter.

The large deficit will force the city to make budget cuts for the first time in a decade while councilors scramble to find funding for a roughly $22 million bridge shelter in 2025.

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