Financial Plans

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Thompson-Nicola Regional District

2018-20222017-2021 2016-20  2015-19 2014-18

Thompson Regional Hospital District

20182017 2016 2015 2014

 

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Budget 2018 Highlights

  • Provides funding for 123 individual services, from small local services to region wide
  • Total taxes as a whole in 2018 are projected to decrease slightly from 2017, with all areas except the City of Kamloops receiving a decrease in taxes for solid waste management services.
  • Increases or decreases in residential class taxation vary area by area due to individual changes in assessment compared to 2017. The District of Clearwater, Village of Chase and Sun Peaks will expect to see increases while all other member municipalities will expect to see decreases.Also Electoral Areas “E”, “I” and “O” will expect to see decreases while all other Electoral Areas will expect increases.These range from a decrease of $0.70 in Cache Creek to an increase of $34.69 in Sun Peaks as compared to 2017 average taxes for these areas.
  • This budget invests more than $21 million in public safety, including over $7 million in fire protection to rural communities over the next five years
  • Invests over $14.6 million dollars over five years into 11 drinking water and 5 wastewater utility services, including $1.4 million for a new water source for Black Pines and $3.6 million to install water meters in all TNRD drinking water utilities.The water meter project is funded 100% through a successful grant awarded from the Federal Gas Tax-Strategic Priorities Fund
  • 2/3 of the Black Pines water project is funded by Federal Grant (New Building Canada – Small Communities Fund grant)
  • While allowing for improvements the service, this budget has reduced taxation for Solid Waste Management Services by $350,000 in 2018 and each year thereafter
  • $9 million in continued funding for TNRD Public Library system in 2018, and greater than $40 million over the five years
  • The above includes updates to the Victoria Street public library branch with a total budget of approximately $350,000 as well as renovations to the front entrance of the Civic Building on Victoria Street, Kamloops
  • In addition, the new Bookmobile acquired in 2017 will go into service in 2018
  • Invests over $2.5 million into community parks and over $3.0 million into community halls and other recreation facilities throughout the TNRD over the five years

 

The Local Government Act states that "a regional district must have a financial plan that is adopted annually, by bylaw, by March 31. The planning period for a financial plan is 5 years, that period being the year in which the plan is specified to come into force and the following 4 years.

The preparation of the financial plan begins in the fall of each year and a provisional financial plan is presented to the Board of Directors at that time. The financial plan incorporates requests from Directors and service committees, any new services as well as staff estimates of funding amounts required to maintain current service levels. The final Financial Plan is then presented in March and adopted before the deadline of March 31.

We want your feedback!

The finance department conducts public budget consultation in conjunction with other service related meetings throughout the year at various locations in the Regional District.

The Regional District encourages input from taxpayers from either the electoral areas or the member municipalities on the Financial Plan. You will find an input form here that you can mail, fax or email to the TNRD; or simply click here to fill out an online form.