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The Regional District of Central Okanagan (RDCO) is preparing the 2025-2029 Financial Plan and is seeking comments from residents.
“The draft 2025-2029 Financial Plan is ready for review, and we are seeking feedback from residents on programming, funding requirements and initiatives,” said Tania McCabe, Director of Financial Services. “The draft financial plan focuses on continuing to deliver critical services to our communities, advancing the priorities of the Regional Board and fulfilling regulatory requirements, all while keeping pace with growth and inflation. Priorities within the plan include a focus on emergency preparedness, stewardship of the environment and providing residents with avenues for improving or maintaining their health and wellness.”
The proposed financial plan includes a $4 million increase in the Regional District’s operating budget, raising it from $65.6 million to $69.6 million, which represents a 6% increase. Unlike municipalities, regional districts do not have one tax rate. This means that the impact on each property owner varies depending on where they live, the services they receive and the value of their property. Preliminary average tax impacts for each community within the Central Okanagan are outlined below:
|
|
Average House Value |
Annual Tax Per House |
$ Change per Avg House |
||
|
|
2024 |
2025 |
2024 |
2025 |
|
|
Kelowna |
$941,369 |
$931,014 |
$280 |
$295 |
$15 |
|
Peachland |
915,961 |
919,625 |
257 |
274 |
17 |
|
Lake Country |
1,039,562 |
1,014,613 |
288 |
297 |
9 |
|
West Kelowna |
985,608 |
974,766 |
295 |
312 |
17 |
|
Electoral Area West * |
563,120 |
545,663 |
1,236 |
1,386 |
150 |
|
Electoral Area East * |
945,195 |
915,894 |
1,065 |
1,177 |
112 |
New this year, the RDCO is launching the Property Tax Estimator Tool for residents in Electoral Area East and Electoral Area West. The tool will be available at rdco.com/tax-estimator/ late next week. By searching their property address in the tool, Electoral Area residents can see their property totals, including property taxes and parcel taxes for services delivered by the RDCO that residents would see on their annual tax notice.
The proposed plan will be presented to the Regional Board at the regular board meeting on January 16, 2025. Residents can attend the meeting in person at 1450 KLO Road, tune into the livestream or watch the recording online at rdco.com/agenda.The draft plan will be discussed by the Regional Board at meetings on January 30 and February 20, with adoption of the Financial Plan Bylaw on March 20, 2025.
Visit yoursay.rdco.com to learn more about the financial planning process and schedule, and to review the draft plan. Residents can ask questions and provide comments until 4 p.m. on February 6, 2025.
Comments and feedback about the Financial Plan can be provided in the following ways:
- Leave a comment on the online forum at yoursay.rdco.com
- Submit a question or comment via email to finance@rdco.com, subject line “2025-2029 Financial Plan.”
- Attend the January 30, 2025, meeting to comment in person
- Send feedback by mail to 1450 KLO Road.
Residents are asked to include their civic address of the property they either own or live in when providing comments on the Financial Plan.
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