A Tail of Two Cities:

1. Port Coquitlam rolls back tax increases to zero and defers payment until September.

2. Vancouver Mayor says city is broke and begs province and Feds for cash.

Why the difference?

PoCo has significant reserves because it was frugal during good times.

That is exactly how governments are supposed to act. Instead of spending every last penny on pet projects or non-essential items, Port Coquitlam saved during good times.

Vancouver doesn’t have the reserves to carry it through today’s crisis because they lived large in good times