News

RDCK adopts 2014 budget with 1.4% tax decrease

The Regional District of Central Kootenay has adopted its 2014—2018 Financial Plan. - File Photo
The Regional District of Central Kootenay has adopted its 2014—2018 Financial Plan.
— image credit: File Photo

The Regional District of Central Kootenay unanimously adopted its 2014 budget Thursday with a 1.4 per cent tax decrease, thanks to the discovery of a big surplus.

Chair John Kettle said they will use a reserve of about $1.5 million in the regional district’s general administration fund, which all areas pay into, to offset taxes this year and next.

“I’m a proponent of taxing for what we need when we need it,” he said. “Others say you’re always going to have shortfalls, so carry any surplus forward. But we split it down the middle and I’m happy.”

Kettle praised chief financial officer Stuart Horn, who joined the organization last year: “I can’t say enough about him and the fact he brought us the hard numbers. The directors basically gave him a standing ovation.”

The overall budget is worth about $60 million. It’s the fourth straight year the budget was adopted without objection.

We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.

You might like ...

Set to serve another four years
 
School board launching new budget process with challenges ahead
 
Farewell to outgoing RDCK chair and directors
Meadow Creek Cedar hearing rescheduled
 
Jakubeit wants to delay budget
 
Province waiting for Boonstock payment
Fernie Alpine Resort stays bear aware
 
Donation supports literacy
 
Victims of Montreal Massacre honoured at vigil held in Prince Rupert

Community Events, November 2014

Add an Event


Read the latest eEdition

Browse the print edition page by page, including stories and ads.

Nov 13 edition online now. Browse the archives.