The Regional District of east Kootenay board has approved the 2026-2030 five-year financial plan.
“The preparation of the Five-Year Financial Plan is a lengthy and detailed process, with the overall goal of working towards a budget that supports service levels and capital projects while minimizing the impact on taxpayers,” said RDEK Chair Rob Gay.
“I am pleased with the balance that has been achieved this year and want to acknowledge everyone from the staff and board to our member municipalities, other organizations and commissions, and the public who’ve all contributed to the development of the plan.”
This year’s budget works out to an increase of $26 on an average $623,000 residential assessment across the region.
“It is important to remember that there is a difference between the numbers in the budget and the effect those numbers will have on individual tax rates,” Gay added.
“The RDEK operates over 100 different services, and residents will be affected differently, depending on the municipality or electoral area in which they live.”
This financial plan includes $11.6 million in capital expenditures for projects including the fire engine replacements for the Panorama, Hosmer, Baynes Lake and Windermere Fire Departments, a watermain replacement in Windermere and a reservoir expansion in the Eastside Lake Windermere Water System.
A summary of the five-year financial plan can be found here.
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