Central Okanagan Regional District’s 2022-2026 financial plan nears $59 million – Kelowna Capital News



Final decision on the budget set for the March 28 regular meeting (Photo/Pixabay.com)

Central Okanagan Regional District’s 2022-2026 financial plan nears $59 million

Overall increase in revenue and operating expenses in 2022 of $1.45 million



The proposed 2022-2026 Financial Plan for the Central Regional District of the Okanagan (RDCO) totals over $58.99 million.

This amount includes over $12.9 million in debt to the Municipal Finance Authority (MFA) on behalf of local governments and the Okanagan Regional Library (ORL). The plan presents an overall increase in revenue and operating expenses in 2022 of $1.45 million or 2.52%. The tax impact for the average homeowner will vary depending on location and services received from the regional district.

For Kelowna property owners, the proposed increase is $14.34 for 2022. In West Kelowna, the number is $18.50, while Lake Country and Peachland residents would pay $17.32 and $23.92. Central Okanagan East owners would pay $164.42 and Central Okanagan West owners $35.57. Westbank First Nation is expected to contribute $173,454 to the RDCO for services.

Detailed information can be found on the RDCO website.

Final adoption of the RDCO and Central Okanagan Regional Hospital District financial plans is scheduled for the March 28 meetings.


@GaryBarnes109
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