File Photo

By Victor Kaisar

TNRD 2025 Budget

TNRD seeking feedback as 2025 budget proposes 8.5 per cent tax increase

Nov 17, 2024 | 3:16 PM

KAMLOOPS — The Thompson-Nicola Regional District (TNRD) is asking residents for feedback on the 2025 budget, which is currently proposing an 8.5 per cent global tax increase next year.

That proposed increase is down from the initial 12.8 per cent hike, with a staff report stating that the 4.3 per cent reduction was made possible by the use of reserve dollars.

Exactly how much people pay into the TNRD in 2025 will depend on where they live, and whether they get certain services from other local or higher levels of government. A breakdown of those costs can be found on the TNRD website, along with details about the proposed tax requisition, changes to operating costs, and capital projects set to be done in 2025.

“The 2025 draft TNRD budget includes 124 services in 10 Electoral Areas and 11 Member Municipalities,” the TNRD said, in a statement.

“It’s important to note that property owners only pay taxes to the TNRD for services that they receive, therefore tax rates can vary significantly between TNRD communities.”

One Man's Opinion

COLLINS: The icon who is Taylor Swift

18h ago

Two and Out

PETERS: Business owners shouldn't be held responsible for nuisance calls

Nov 15, 2024

Looped In

LOOPED IN WITH NIKKI OMEN: November 14, 2024

Nov 15, 2024

As it stands, the proposed global tax increase of 8.5 per cent is slightly higher than the 8.3 per cent that was approved for 2024.

The provisional budget will be brought to the Dec. 12 TNRD meeting for approval. It will be adopted in March once final assessment data is provided by BC Assessment.

Residents who have questions are being told to contact the TNRD Finance Department by email or by using the online form available here.