The votes have been counted, and ten-year loans will be taken out to buy new fire trucks Interlakes. The vote tally was 195 to 34 in favour.
The CRD’s Interlakes Volunteer Fire Department will see three new water tender trucks arriving over the next five years, beginning in 2024. The CRD will borrow up to $1.9 million through three separate ten-year long loans to make this purchase. Taxes will increase as new trucks are purchased – by 16.52 per $100,000 in 2024, $34.57 in 2026, and $54.27 per $100,000 in 2028. Similarly, there will be a decline in the tax rate as loans are paid off, starting in 2034. The final loan will be paid of in 2038.
The results of this vote will be reflected in in the requisition for the 2024-2028 financial plan which will be reviewed by the Board on November 8. Estimated tax rates provided are also subject to change depending on changes to property assessments in 2024.