Tax revenue sees $1 million increase in Lake Country

The District profitted just under $500k

The District of Lake Country increased their tax revenue by over a million dollars for the 2018 fiscal year.

This is mostly the result of a 3.5 per cent increase that was introduced at the beginning of the year—1.5 per cent for the district’s transportation program and a two per cent general increase for inflation.

“The two per cent increase was to maintain operations at the same level which they were at the previous year,” said Lake Country chief financial officer Tanya Garost.

READ MORE: Crime increased in almost every statistical category in Lake Country

As well, another portion of the sizable 2018 tax revenue came from a large new growth tax margin, which saw a 5.32 per cent increase, or about $500,000 of total revenue.

In comparison, the new growth tax margin for 2017 was under three per cent.

New growth tax fluctuates depending on development in the district and the assessments done by the province on new houses, subdivision lots and other various infrastructure developments.

READ MORE: Where is your water before you drink it?

Even with the added tax revenue, which equated to $1,025,437, the government was still under their estimated expenditure by $1.5 million.

Garost said this is mainly due to a fluctuation in RCMP officers and their salaries.

The Lake Country RCMP detachment, although rarely using its full force, has 12 members, but only nine or 10 consistently work, due to leaves from work.

Overall, the government brought in an approximate $485,000 more than what they anticipated, reaching a total revenue of over $42 million.

READ MORE: Pelmewash Parkway opening is the latest milestone in First Nations-government relations

READ MORE: Lake Country councillors want stricter regulations, more signage on smoking in parks


@davidvenn_
David.venn@kelownacapnews.com

Like us on Facebook and follow us on Twitter.

Just Posted

Kelowna RCMP on the hunt for thieves at large

A subway heist and a camper break and enter are among the crimes to have occured

West Kelowna RCMP search for two alleged thieves

Anyone with information on the crimes is encouraged to contact the RCMP or Crime Stoppers

Overdose deaths down nearly 50 per cent in Kelowna in past year

In 2019, there were 27 illicit overdose deaths in Kelowna, down from 55 deaths

Ride-share electric scooters hit the streets of Kelowna in 2020

Loop is an electric scooter sharing service headquartered in Vancouver

Petition started to change location of selected homeless shelter in West Kelowna

The city, province and BC Housing selected a site on Stevens Road for a 40-bed temporary shelter

VIDEO: Federal Liberals’ throne speech welcomes opposition’s ideas

Trudeau will need NDP or Bloc support to pass legislation and survive confidence votes

Weak link in Sagmoen trial, defence says

Counsel questions whether search warrant police executed was obtained on reasonable grounds

VIDEO: John Lennon’s iconic Rolls Royce rolls into Vancouver Island college for checkup

Royal BC Museum, Camosun College and Coachwerks Restorations come together to care for car

North Okanagan MP says throne speech lacked specifics

‘Trudeau government presented a vague agenda,’: MP Mel Arnold

‘She was awesome’: Malakwa baker leaves U.S. holiday show

‘There are Christmas miracles, look at me’

VIDEO: Rockslide closes part of Highway 93 in Fairmont Hot Springs

Geotechnical team called in to do an assessment after rocks fell from hoodoos

Petition calls for appeal of ex-Burns Lake mayor’s sentence for sex assault

Prosecution service says Luke Strimbold’s case is under review

Northwest B.C. wildlife shelter rescues particularly tiny bear cub

Shelter co-founder says the cub weighs less than a third of what it should at this time of year

Sicamous Eagles defeat Summerland Steam in overtime decision

Junior B hockey teams faced off in Summerland on Dec. 5

Most Read