RDCO Board Approves Financial Plan

The Regional District of Central Okanagan (RDCO) Board of Directors has approved the 2022-2026 financial plan.

DRCO budget

The 2022 operating budget for the RDCO totals just over $59 million, up 2.5% from 2021.

Regional Council Chairman Loyal Wooldridge said: “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 program of emergency management. The Board advances 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.

In this budget, approximately $16.9 million (down $2.42 million from 2021) in capital and infrastructure improvements are proposed, including approximately:

  • $7.5 million for parks
  • $4.1 million for liquid waste systems
  • $2.1 million for fire and protection services
  • $1.7 million for improvements and upgrades to RDCO water systems

“We know that parks and natural areas support the health of our residents and it is our responsibility to ensure they are protected and resilient in the face of climate change. Our regional park management plans make our natural spaces more accessible and protect ecosystems. Continued investment in the Westside Regional Wastewater Treatment Plant and funding for water system upgrades to continue to provide safe drinking water in our communities,” added Wooldridge.

Unlike municipalities, the regional district 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 tax impacts for general RDCO services on the average home in each specific area are shown in the following table. Market value increases vary by area from 2021. The actual tax rate varies from neighborhood to neighborhood and municipality, depending on the level of equity participation and local services provided by the regional district.










Member


2022 avg.
house value


Total tax per avg. lodge


Net Incr / (Decr) on the house from 2021

Kelowna

$835,598

$220.62

$14.34

land of lakes

$927,126

$247.95

$17.32

peachland

$823,126

$217.95

$22.96

West Kelowna

$889,866

$238.69

$18.50

CO East

$852,036

$478.51

$60.85

CO West

$493,724

$303.02

$35.57

Central Okanagan Regional Hospital District

The Central Okanagan Regional Hospital District (CORHD) Board of Directors also approved its five-year financial plan. Each year, hospital district ratepayers contribute up to 40% of the funds for approved capital and equipment services. 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% from 2021. Among the new funding requests from the hospital district: a pharmacy update at Kelowna General Hospital, replacement of an existing MRI unit and installation of an additional MRI and new CT scanner.

Hospital Board Chairman Loyal Wooldridge said, “Health care continues to be extremely important to residents of the Central Okanagan. Funding provided by the Regional Hospital Board supports a wide range of healthcare capital projects and provides much-needed healthcare equipment in the central Okanagan. On behalf of the Regional Hospital Board, I would like to thank the many healthcare workers who tirelessly support our community, and we look forward to supporting ongoing projects that help them provide the best possible care to their patients and clients.

The significant increase in assessments in the region will result in a $19.45 decrease in requisition this year by the hospital district. This means the average homeowner in the Central Okanagan will contribute $169.48 to fund health projects in the region, down just over 10% from 2021. the average household cost increases over the next four years to continue to provide adequate reserves for future Interior Health funding requests.

Landlord grants and tax deferral

Homeowners in the Central Okanagan may be eligible for the Provincial Homeowners Grant. Information will be available on your Property Tax Notice or visit the Ministry of Finance website: www.sbr.gov.bc.ca/individuals/Property_Taxes/Home_Owner_Grant/hog.htm

Some property owners may be eligible for assistance under the BC Property Tax Deferment Program. Information about this program and who is eligible is available on the Government of British Columbia website: www2.gov.bc.ca/gov/content/taxes/property-taxes/annual-property-tax/defer- taxes

For more information on budgeting for the Regional District of Central Okanagan, visit rdco.com/budgets.