RDCK Adopts Five-Year Financial Plan
March 22, 2024
Nelson, BC: The Regional District of Central Kootenay (RDCK) Board of Directors adopted the 2024-2028 Financial Plan Bylaw, an annual requirement which must be completed by end of March each year. This year’s budget will see a 5.8% average increase in property taxes for RDCK residents, although this is highly variable depending on the Electoral Area or Municipality the resident lives in.
“We are pleased that we were able to substantially reduce the average taxation increase for this year, bringing it down to 5.8% from the initially proposed 11.1% in January’s draft plan,” stated Yev Malloff, RDCK Chief Financial Officer. “This improvement was achieved due to the diligent efforts of both RDCK staff and Directors over the past two months. Part of the improvement was also aligning the way we calculate the taxation change with other B.C. local governments. The 5.8% figure places the RDCK at the lower end of the scale for 2024 regional district taxation increases. It is important to recognize that not all regional districts face the same set of challenges and opportunities in any given year.”
Residents are encouraged to review the financial plan and reach out to staff or Directors with questions.
The RDCK hosted nine hybrid public information sessions (in-person and online), plus two Special Budget Meetings over the last nine weeks, which allowed the public in our various sub regions to comment and provide feedback on the five-year Financial Plan.
Click here to view a print-friendly PDF version.
The content on this page was last updated March 22 2024 at 8:04 AM