Central Okanagan Regional District Approves 2022-2026 Financial Plan – Kelowna Capital News

The Central Okanagan Regional District Council (RDCO) has approved its 2022-2026 financial plan.

The 2022 budget totals just over $59 million. This is an increase of 2.5% compared to 2021.

“This year’s budget prioritizes the continued support needed for those recovering from the devastating White Rock Lake fire last summer and to strengthen the regional emergency management program,” said Loyal Wooldridge, chairman of the regional Council.

“The Board is advancing important truth and reconciliation work with Indigenous communities to integrate Indigenous wisdom into the organization. Operating costs are responsible, keep pace with growth and inflation, and include some key staff additions necessary to meet resident demand for services.

Unlike municipalities, the RDCO does not collect taxes directly. It requisitions funds from each local government on behalf of their residents and the province that collects rural property taxes in each electoral district. The 2022 RDCO tax increase for Kelowna homeowners is $14.34, in Lake Country it’s $17.32, for West Kelowna homeowners the amount is $18.50, and in Peachland, it’s $22.96.

Central Okanagan East owners will pay $60.85 and Central Okanagan West owners $35.57.

The Central Okanagan Regional Hospital District (CORHD) Board of Directors also approved its five-year financial plan. The 2022 budget includes $39.3 million in capital project funding requested by the Interior Health Authority. An increase of $9.5 million, or 41% over 2021.

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