Vancouver city council has approved cuts to its four-year capital plan that the city says will save more than a quarter-billion dollars.The cuts, announced Friday, come as the city grapples with a financial crisis brought on by COVID-19.According to the city, the $254-million capital budget reduction will see “some large, multi-year projects scaled back or postponed” to help ease COVID-19 funding pressures.
Vancouver mayor ‘disappointed’ at purchase of high-end furniture for city hall, asks for review A report presented to council on Wednesday showed the city facing $219 million less in projected development and partner financial contributions brought on by the pandemic economic downturn.The cut brings the city’s total spending over the.