Regional district finalizes financial plan

Board adopts the 2015 budget, which has gone from $75.1 million last year to $65.2 million

The Regional District of North Okanagan’s latest financial plan is a done deal.

On Wednesday, the board adopted the 2015 budget, which has gone from $75.1 million last year to $65.2 million.

“We’ve lived up to our initial goal which was to reduce spending,” said chairperson Rick Fairbairn.

The operating budget is $40.9 million, down from $41.6 million, while the capital budget has gone from $33.5 to $24.3 million.

The decrease in spending is largely a result of restructuring Greater Vernon’s parks and recreation function but a number of other services will either see a decrease or no increase in expenditures.

A change in the 911 provider also reduced overall expenses.

The total tax requisition for 2015 is $15.6 million, down from $17.6 million in 2014.

Each community is requisitioned taxes based on services it receives from RDNO, and that can even vary from neighbourhood to neighbourhood.

Lone opposition to the budget came from director Bob Spiers, who was concerned about Greater Vernon water rates and the amount of reserves in the Greater Vernon culture service.

“The reserves in 010 (general government service) are ridiculously high,” he said.