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General News · 30th March 2016
Michele - SRD
Campbell River, BC – At its March 24 meeting, the Strathcona Regional District Board approved its 2016-2020 Financial Plan, focusing on an investment in infrastructure and building organizational capacity to ensure the sustained and efficient delivery of Regional District services. The financial plan provides the framework that will help guide the Regional District’s work for the next five years and turn strategic priorities into action.

“This budget demonstrates our commitment to plan for the future,” says John MacDonald, Board Chair, “and property owners across the region may see a modest increase in taxes. We have aging infrastructure that requires real investment in order to meet the changing demands of our citizens. We also need to build internal capacity to better position the Regional District for future success.”

The 2016-2020 Financial Plan provides funding that will help to achieve the Regional District vision and strategic objectives. The Board’s investment in updated technology, as well as records and asset management programs, will help build capacity while creating efficiencies within the organization. Further funding is being allocated to the Strathcona Gardens Facility capital reserves to support a long term vision for future redevelopment of the recreation complex.

The 2016 consolidated operating budget for the Regional District ($15.8 million) pays for 55 services – including parks, liquid and solid waste systems, fire protection, emergency preparedness programs and a full service sports facility - being delivered to over 43,000 residents across the region. The financial plan also provides $2.4 million for 2016 capital projects, which include:
• a new pump station to enhance water pressure and fire flows for Electoral Area D residents;
• extension of the Quathiaski Cove sewer system to 38 new users on Quadra Island; and
• seismic upgrades to the Quadra Island Community centre.

Full details of the 2016-2020 Financial Plan can be found on the Regional District website at www.strathconard.ca