The Cariboo Regional District Board of Directors have approved their five year financial plan.
Area I Director and Chair of Finance Jim Glassford said public feedback was collected in an online survey from January 29 to February 19 in which 327 people participated.
The overall budget for the CRD’s 123 services is now at $78.88 million with taxation revenues of approximately $35.4 million being requisitioned through the budget.
“For recreational taxation we’re trying to build up some surplus for the Central Cariboo, of $3.2 million over 5 years” Glassford said, “they only have $534,000. We also want to build up some North Cariboo reserves. We want to build up $2 million over the next 5 years. We have $5 and a half million so it’s going to be like a $250,000 contribution for that for 2024.”
The CRD said there was only one change made to the budget.
The Interlakes Fire Protection Area saw a $9,603 reduction in its proposed budget resulting in a 2 percent decrease to the 22.5 percent raise that was initially proposed.
The Cariboo Regional District said other changes may be pending as the Board prepares how it has allocated Community Works Funding to projects in the financial plan, and whether any changes are needed to meet service goals and community needs.
The financial plan will be prepared for the Board to adopt at its March 21,2025 meeting barring an further changes.
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