Tuesday night the Comox Valley Regional District (CVRD) board officially kicked off the New Year with the start of their 2018-2022 financial planning process.
At the start of 2018, the CVRD will be managing 102 services across the region. These services range from water, sewer and solid waste to parks, recreation and even street lighting. Within this year’s financial planning process the emphasis is on critical capital projects including the new water treatment filtration system and civic infrastructure. Each service or function is a stand-alone service and requires its own five year plan for review by the CVRD board. Residents within the regional district (Town of Comox, City of Courtenay, Village of Cumberland, Electoral Area A, Electoral B and Electoral Area C) only pay into the services that are signed up for by their municipality or electoral area. Below is a chart depicting the number of services each participant receives.
|Participant||Number of Services|
|Area A – Baynes Sound – Denman/ Hornby||67|
|Area B – Lazo North||51|
|Area C – Puntledge-Black Creek||54|
|Town of Comox||22|
|City of Courtenay||23|
|Village of Cumberland||19|
“During these early stages, the proposed consolidated budget, which is funded through reserves, grants, debt, other revenues and tax requisitions for all 102 services is $115, 751, 032,” explains CVRD Manager of Financial Planning, Kevin Douville. “The overall tax impact on each individual homeowner throughout the valley is dependent on where you reside and what services you participate in.”
From now until the budgets are adopted at the end of March, the CVRD board will be working with staff on the budgets. Residents are invited to participate and be part of the process by attending one of the public meetings or by visiting our website to review the budgets and background materials at www.comoxvalleyrd.ca/proposedfinancialplan