January 29, 2025
24-03
The Cariboo Regional District (CRD) is once again seeking feedback from residents about its proposed 2025 budget. The Board of Directors is seeking this feedback after providing preliminary approval of the budget on January 23, 2025.
Most property tax rates for CRD services are seeing minor increases or remaining the same as in 2024. However, significant assessment increases from new development and rising property values will result in increased taxation revenues. This will fund rising operating and maintenance costs along with any new project spending or savings generated for capital reserves.
A total of $2.49 million in additional property tax revenue will be requisitioned because of this budget. This increase is largely being driving by services in the Recreation, Fire Department, and Administration categories. Examples of how this increased funding will be used include:
More information will be available to residents on the Cariboo Regional District’s website, social media channels, and in sponsored advertisements. A flyer will also be sent out to residents of each electoral area to outline the proposed tax rates which could be applicable to their properties. Residents can participate and provide their feedback on the budget anytime up to February 19, 2025 by:
The results of the public feedback survey will be presented at the February 27, 2025 Finance-Budget Committee. Once reviewed, the Board will be able to consider approving the draft financial plan.