District approves financial plan

The Regional District of Central Okanagan board has adopted the five-year financial plan for 2015-2019.

The Regional District of Central Okanagan board has adopted the five-year financial plan for 2015-2019.

The 2015 operating budget totals just over $59.4 million compared with $61.1 million during 2014.  The decrease is due in large part to the cost savings provided through the new 911 service contract and a reduction in costs through the participation in the Multi-Materials B.C. recycling program.

RDCO provides more than 80 different services across the entire Central Okanagan.  The actual tax rate varies from neighbourhood to neighbourhood and municipality, depending on the local services provided by the regional district.

Based on assessments, the total tax per average house in the North Westside area will be $466, a decrease of $117 from 2014.

For Lake Country, the total tax per average house is $185, an increase of $3.70.

In the two electoral areas during 2015, rather than taxation or rate increases, needed capital upgrades and equipment purchases will be completed thanks to more than $1.1-million from the federal Community Works Gas Tax program.

Just over $499,000 will be spent on facilities and equipment for the four volunteer fire departments, including North Westside, and almost $385,000 worth of improvements are planned for four water systems, including Killiney Beach and Westshore Estates.