Strathcona Regional Board Adopts the 2018-2022 Financial Plan
The financial plan outlines the approved projects and initiatives which will be undertaken by the SRD in the coming five years.
Campbell River, B.C. – The Strathcona Regional District (SRD) Board has approved the 2018 – 2022 Financial Plan. The financial plan outlines the approved projects and initiatives which will be undertaken by the SRD in the coming five years to drive the Board’s strategic priorities and ensure the on-going delivery of services desired by the community in a fiscally responsible manner.
“The Board’s strategic priorities continue to be driving improved cellular and broadband connectivity, building relationships with First Nations and working with the Community Health Network to improve the health and well being of our communities. We also have two large-scale capital projects this year. The Connected Coast project, which will see the placement of broadband infrastructure along the BC coast and around Vancouver Island and advance the REC-REATE project to redevelop the Strathcona Gardens Recreation Complex,” says SRD Board Chair Michele Babchuk.
The 2018 – 2022 financial plan includes $18.7 million in consolidated operating expenses, a slight increase from last year, but it is important to note that the SRD has retained its low debt position, with only 1.4 per cent (1.4%) of operating expenses going towards debt repayment.
“We have received a considerable amount of funding from the provincial and federal governments as well as through grants. This comes from employees actively pursuing funding opportunities that allow the SRD to continue to improve the delivery of services with minimal impact on tax rates,” says SRD CAO David Leitch. “Overall, the average increase for taxpayers in the SRD will be less than two per cent (2%). Some areas will see their taxes decrease, while others will see larger increases. The tax rates are based on the number and amount of services a region receives such as water, sewer and solid waste management.”
The 2018 – 2022 Financial Plan is available on the SRD website at www.strathconard.ca and additional information is included in the attached addendum. Paper copies of the Financial Plan can also be requested at the SRD office located at 990 Cedar Street, Campbell River, BC.
The Strathcona Regional District is a partnership of four electoral areas and five municipalities providing approximately 43,000 residents with 55 services including a full-service sports complex, parks, liquid and solid waste systems, fire protection and emergency preparedness programs.
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Media Contact:
Amy Jonsson
Communications Manager
Phone: 250-830-6720
Email: ajonsson@srd.ca