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When the dust cleared on the regional district’s final budget document the regional government was able to cut its budget increase by nearly half from its January prediction.
The regional district could be asking for over 11 per cent more from its major municipalities when taxation time comes knocking in spring, according to the 2024 financial plan projections.
Nearly $4 million will be injected into local regional district governments through a Provincial fund designed to enable community growth. Called the Growing Communities Fund, the Regional District of Central Kootenay board of directors approved the allocation of $3,925,000 from the fund, a one-time grant distributed among all of B.C.’s local governments.
Nearly $4 million will be injected into local regional district governments through a Provincial fund designed to enable community growth.
Although regional district taxes are only increasing seven per cent for Nelsonites in 2023, compared to almost 24 per cent in some RDCK municipalities, the city still pays the lion’s share of regional district taxes. The board of directors at the Regional District of Central Kootenay (RDCK) stamped the newest version of the 2023-2027 Financial Plan late last month and decreed