The RDEK Board will review the DRAFT 2019-2023 Five Year Financial Plan at its February Board Meeting.
The Financial plan is a complex document and to help break it down, we are in the process of preparing a "snapshot" that provides an overview. We expect to have the snapshot loaded by February 13, 2019 so please check back.
One of the tricky parts about communicating (and understanding) the Financial Plan lies in the way Regional Districts work. Unlike a municipality that has one boundary and one set of taxpayers (everyone within the municipal boundaries pays), Regional Districts in BC are based on service areas. So, for every one of the more than 100 services we offer, there is a boundary for that service area, and everyone within the service area pays for (and receives the benefit of) that service. What that means is that we have over 100 different "boundaries" with over 100 different sets of taxpayers. SO, WHAT DOES THAT HAVE TO DO WITH THE BUDGET?
Well, how the budget will impact you depends entirely on what part of the RDEK you live/own property in and what combination of services are offered there. For example, if you live in Electoral Area C everyone will pay the same rate for the line item on their tax notice called "Reg Dist East Kootenay", but people living in Gold Creek will also be paying for Cranbrook Rural Fire Protection. While people in Moyie don't have fire protection, but they pay a different line item for Moyie Water.
If you would like to find out how all of this impacts you, you can also call our Chief Financial Officer and she can provide you with specifics. Our staff are happy to answer your questions related to RDEK services and how they impact you all year-round. So, if you have questions, please call or email. And, if you have comments to share about this year's draft plan, please see the links below (there is an online verion and a downloadable version) and have your comments in by Noon on March 4, 2019.
Holly Ronnquist, Chief Financial Officer
Phone: 1-250-489-2791 or 1-888-478-7335
Last edited: Fri, February 01, 2019 - 5:39:20