Port Moody council was paid $500k in 2025: report

Including benefits and expenses, Port Moody city council was paid a total of $561,209 in 2025, according to the city’s statement of financial information.

Councillors earned a base salary of $60,174 while Mayor Meghan Lahti was paid $152,222.

Expenses, which generally cover the cost of attending conferences, ranged from $3,307 for Coun. Samantha Agtarap to $10,247 for Coun. Callan Morrison.

Including benefits and expenses, Port Moody staffers earned $37.2 million in 2025.

In 2023, the city spent $29.6 million on employee salaries and expenses.

A total of 45 Port Moody employees were paid at least $150,000, also including benefits and expenses. Top earners included city manager Anna Mathewson, who earned $325,025, and deputy city manager and general manager corporate services Kate Zanon, who earned $260,532.

The highest paid employee in 2023 was now-retired city manager, Tim Savoie, who earned a $228,951 base salary.

Port Moody’s investments appeared to dip in 2025, sinking from $66 to $58.58 million. However, that change was due to more money being held in the city’s high interest savings account, which is classified as cash, according to the city’s deputy chief financial officer Tyson Ganske.

The city’s cash was up, rising from $64.2 in 2024 to $82.7 million in 2025.

The city’s debt was $21 million at the end of 2025, down $1.2 million from 2024.

The biggest piece of debt is $8.2 million in capital remedial works with a 3.2 percent interest rate, due to be paid by 2043.

The city also owes two debts totalling approximately $6.3 million on Fire Hall #1. The debts, which carry 3.39 and 4.52 percent interest rates, are due in 2042 and 2043.

Debt on the police building sits at $134,045 and is due this year.

Port Moody also owes a total of $6.3 million on city vehicles.

The city paid $690,500 in interest on long term debt in 2025.

The city is scheduled to pay down their debts at a rate of approximately $1.1 million per hear for the next five years, leaving $15.4 million to be paid after 2030.

The city budgeted $5.3 million in revenue from licences and permits in 2025. The actual revenue was $2.6 million. The shortfall was due to the timing of development, Ganske stated.

The city owns several buildings which contain asbestos, resulting in Port Moody facing a $557,845 obligation to renovate or demolish those buildings.