The Thompson Nicola Regional District (TNRD) board of directors meeting on Nov. 24 approved increasing the annual financial contribution for provision of fire protection services to residents of the Little Fort area within Electoral Area “O” (Lower North Thompson) by up to $9,500.
Under Local Government Act Regulation, raising the maximum tax requisition by 25 per cent is allowed once every five years.
Funding boost approved for Little Fort Hall
The board also approved an increase of 25 per cent, or $5,137, to the maximum annual requisition for the Little Fort Community Hall, boosting the amount to $25,685. This will allow for the funding of maintenance of the hall’s water system as well as other minor costs for the facility.
The Little Fort Community Hall is owned by the TNRD and the Little Fort Community Association receives an annual financial contribution for its maintenance and operation as a public meeting hall.
Provisional financial plan adopted
The TNRD 2017- 2021 provisional financial plan was adopted.
The 2017 provisional budget estimates a tax requisition of $23,759,029. The provisional budget lays out the TNRD’s plans for 2017, but taxes are still based on 2016 property values as 2017 values will not be available until the new year.
As such, the provisional budget taxes are still subject to change in the final budget to be reviewed in March 2017.
The 2017 provisional budget also includes setting aside $2,317,500 into operating reserves for anticipated future needs.