Okanagan-Similkameen Regional District adopts financial plan – Penticton Western News

The Regional District of Okanagan-Similkameen has adopted its amended financial plan for 2022.

The financial plan was passed in first reading on January 6 and the amended version in second reading on February 17. The plan was also presented to the various communities and electoral areas of the regional district.

Further adjustments were made for the third reading, at the regional district council meeting on March 3. These adjustments are the result of an adjustment to carry forward totals and do not affect tax increases, Finance Minister Jim Zaffino said in a report to the board.

The budget for this year is $22,183,924. This is an increase of $1,714,958 or 8.38% over the 2021 budget of $20,468,966.

The City of Penticton represents $2,307,112. Summerland’s share is $884,946. Princeton’s share of the budget is $108,279. Oliver has a share of $1,624,490 and Osoyoos has a share of $937,913. The amount for Keremeos is $554,465. All community amounts are $6,417,204.

The Penticton Indian Band accounts for $105,145. The nine electoral districts represent $15,661,576 of the budget.

The budget information and financial plan comprised 800 pages of the 1,575 pages in the regional district’s agenda folder.

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budgetOkanagan-Similkameen Regional District