Capital Regional District Board Approves 2013 - 2017 Financial Plan

Mar 27, 2013

Victoria, BC – The Capital Regional District (CRD) Board today approved a five year financial plan for 2013 – 2017. The CRD’s Financial Plan is driven primarily by the costs of delivering important regional, sub-regional and local services on behalf of member municipalities and three electoral areas: Juan de Fuca, Salt Spring Island and the Southern Gulf Islands.

The estimated total CRD requisition increase for 2013 is 4.26%. The impact of this increase affects each municipality and its taxpayers differently, depending on what services they receive. Overall the Board approved strategic initiatives account for 2.82% of the total requisition increase. Some of these approved initiatives include: a grant-in-aid to the Island Corridor Foundation for railway improvements; the continuation of the successful Regional Parks Land Acquisition Fund; E&N Humpback Trail development; and funds for the implementation of a Regional Deer Management Strategy.

The budget increase also includes funding for the requisition portion for the Core Area Wastewater Treatment Program (CAWTP), which will impact participating municipalities. In 2006, the CRD began the planning for wastewater treatment facilities at the request of the Minister of Environment for British Columbia. The core area program includes the municipalities of Colwood, Esquimalt, Langford, Oak Bay, Saanich, Victoria and View Royal. All of the Program facilities are expected to be in operation by the spring of 2018. The CAWTP budget accounts for 2.32% increase to the requisition and the costs for the CAWTP will be collected via requisition, user fees or a combination of both.

Budgets for core services are generally within the Board established 2% guideline.

“The strategic priorities identified in the 2013 Financial Plan were established as part of a collaborative decision making process that saw the CRD Board consulting and agreeing on future direction, while respecting local autonomy,” said CRD Board Chair Alastair Bryson. “CRD management will continue to focus on ensuring that services and programs are delivered efficiently and cost effectively as outlined in the service plans approved by the Board.”

On the Capital Regional Hospital District (CRHD) side the requisition is set to increase by 2%. The CRHD provides local share of capital costs for the development of health infrastructure in the Region.

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For further information please contact:
Andy Orr, Senior Manager Corporate Communications, CRD
Office: 250.360.3229
Cell: 250.216.5492