The base salaries or remuneration for Mayor and Councillors is established annually through an automatic review process. An adjustment is made annually to reflect changes in the Vancouver Consumer Price Index.
Every three years, a market survey is conducted among comparable local governments, and an adjustment is made to Council's remuneration based on the survey and a predetermined target of Richmond’s remuneration being within the 75th percentile of comparable municipalities. The most recent market survey was conducted in 2014 and resulted with an adjustment to salaries introduced in 2015.
One-third of Council’s salary is an allowance for expenses and thus non-taxable. The Mayor and Councillors also receive a package of standard benefits which includes a retiring allowance as elected officials are not eligible for participation in the Municipal Pension Plan.
Council remuneration and expenses are published annually in June through a Report to Council in accordance with the Financial Information Act.
View the report on Council Remuneration and Expenses for 2015.