2024 Financial Plan

Share 2024 Financial Plan on Facebook Share 2024 Financial Plan on Twitter Share 2024 Financial Plan on Linkedin Email 2024 Financial Plan link

The public feedback period is now complete.

The Capital Regional District (CRD) Board reviewed and approved the provisional Financial Plan for 2024 at a special meeting on October 25, 2023:

On January 17, 2024, residents were invited to an online public information session to learn how the regional district develops budgets, makes decisions, and delivers services with consideration of community needs and impact on taxpayers. The presentation also included an overview of the 2024 taxes, rates, and consolidated budget figures, as well as key capital projects planned.

The final plan was reviewed at a Board meeting on March 13, 2024. Feedback received was collated into a final public engagement report and considered as part of the budget review process. After some discussion, the CRD Board approved the final 2024 Financial Plan.

The Capital Regional District (CRD) Board reviewed and approved the provisional Financial Plan for 2024 at a special meeting on October 25, 2023:

On January 17, 2024, residents were invited to an online public information session to learn how the regional district develops budgets, makes decisions, and delivers services with consideration of community needs and impact on taxpayers. The presentation also included an overview of the 2024 taxes, rates, and consolidated budget figures, as well as key capital projects planned.

The final plan was reviewed at a Board meeting on March 13, 2024. Feedback received was collated into a final public engagement report and considered as part of the budget review process. After some discussion, the CRD Board approved the final 2024 Financial Plan.

The public feedback period is now complete.

  • Consolidated Budget

    Share Consolidated Budget on Facebook Share Consolidated Budget on Twitter Share Consolidated Budget on Linkedin Email Consolidated Budget link
    supporting image

    The CRD and CRHD financial plans as well as the anticipated financial plan for the Capital Region Housing Corporation (CRHC) are combined to form a consolidated budget. The CRHC is a wholly-owned subsidiary of the CRD and its financial plan is presented on a different schedule. The CRHC Board will consider their 2024 budget in December.

    The consolidated budget is $724 million. The proposed consolidated operating portion, $430 million, will pay for a range of regional, sub-regional, and local services to over 440,000 people. The proposed consolidated capital portion allocates $294 million towards a range of projects.

    The provisional Financial Plan impact is unique for each municipality, electoral area and First Nation as each participates in a different set of services.

    Consolidated Budget Overview (PDF) *amounts rounded up to nearest $M


    The CRD and CRHD financial plans as well as the anticipated financial plan for the Capital Region Housing Corporation (CRHC) are combined to form a consolidated budget. The CRHC is a wholly-owned subsidiary of the CRD and its financial plan is presented on a different schedule. The CRHC Board will consider their 2024 budget in December.

    The consolidated budget is $724 million. The proposed consolidated operating portion, $430 million, will pay for a range of regional, sub-regional, and local services to over 440,000 people. The proposed consolidated capital portion allocates $294 million towards a range of projects.

    The provisional Financial Plan impact is unique for each municipality, electoral area and First Nation as each participates in a different set of services.

    Consolidated Budget Overview (PDF) *amounts rounded up to nearest $M


    The public feedback period is now complete.

  • Operating Budget

    Share Operating Budget on Facebook Share Operating Budget on Twitter Share Operating Budget on Linkedin Email Operating Budget link
    supporting image

    The operating portion of the 2024 preliminary budget pays for the expenses required to advance Board strategic priorities, including labour, supplies, programs, services and repayment of debt for major projects.

    CRD Operating Overview (PDF) *amounts rounded up to nearest $M



    Additionally, the following Board Directed Initiatives were approved during the provisional review:

    • A one-time funding increase for the Alliance to End Homelessness for the continued support of operations through 2024
    • A three-year renewal fund for the Aboriginal Coalition to End Homelessness
    • Amendments from the Electoral Areas Committee on October 23, 2023:

      • To reduce the requisition for 2024 in the Nuisances & Unsightly Premises Service by $5,000, funding instead from operating reserve.

      • To reduce the requisition for 2024 Elections Service by $25,000.

    The following Board Endorsed Initiative is subject to service establishment approval; if successful it will be added to the final budget:

    • Foodlands Access Service


    The operating portion of the 2024 preliminary budget pays for the expenses required to advance Board strategic priorities, including labour, supplies, programs, services and repayment of debt for major projects.

    CRD Operating Overview (PDF) *amounts rounded up to nearest $M



    Additionally, the following Board Directed Initiatives were approved during the provisional review:

    • A one-time funding increase for the Alliance to End Homelessness for the continued support of operations through 2024
    • A three-year renewal fund for the Aboriginal Coalition to End Homelessness
    • Amendments from the Electoral Areas Committee on October 23, 2023:

      • To reduce the requisition for 2024 in the Nuisances & Unsightly Premises Service by $5,000, funding instead from operating reserve.

      • To reduce the requisition for 2024 Elections Service by $25,000.

    The following Board Endorsed Initiative is subject to service establishment approval; if successful it will be added to the final budget:

    • Foodlands Access Service


    The public feedback period is now complete.

  • Capital Budget

    Share Capital Budget on Facebook Share Capital Budget on Twitter Share Capital Budget on Linkedin Email Capital Budget link
    supporting image

    The capital portion of the 2024 preliminary budget pays for new and enhanced infrastructure, including renewal and replacement of existing structures. This includes the acquisition of buildings and facilities, as well as construction and upgrades to assets.

    CRD Capital Overview (PDF) *amounts rounded up to nearest $M

    Capital Projects List (PDF)


    The capital portion of the 2024 preliminary budget pays for new and enhanced infrastructure, including renewal and replacement of existing structures. This includes the acquisition of buildings and facilities, as well as construction and upgrades to assets.

    CRD Capital Overview (PDF) *amounts rounded up to nearest $M

    Capital Projects List (PDF)


    The public feedback period is now complete.

  • Service Planning & Community Needs

    Share Service Planning & Community Needs on Facebook Share Service Planning & Community Needs on Twitter Share Service Planning & Community Needs on Linkedin Email Service Planning & Community Needs link

    Each term, the Board sets the strategic priorities, policy and direction that guide the activities of the organization. Service planning provides information necessary to create a financial plan and to evaluate overall organizational requirements, new initiatives, proposed service levels and financial implications.

    The CRD Board Priorities were developed at the start of the Board term and formed the basis of the CRD’s 2023-2026 Corporate Plan. This plan includes fifteen community need summaries which describe services and initiatives that directly contribute to meeting the most pressing regional needs in the CRD. Each community need summary contains the initiatives, associated staffing, timing and service levels required to advance the CRD’s work.

    Each term, the Board sets the strategic priorities, policy and direction that guide the activities of the organization. Service planning provides information necessary to create a financial plan and to evaluate overall organizational requirements, new initiatives, proposed service levels and financial implications.

    The CRD Board Priorities were developed at the start of the Board term and formed the basis of the CRD’s 2023-2026 Corporate Plan. This plan includes fifteen community need summaries which describe services and initiatives that directly contribute to meeting the most pressing regional needs in the CRD. Each community need summary contains the initiatives, associated staffing, timing and service levels required to advance the CRD’s work.

    The public feedback period is now complete.

  • Financial Indicators

    Share Financial Indicators on Facebook Share Financial Indicators on Twitter Share Financial Indicators on Linkedin Email Financial Indicators link

    Financial indicators provide insight on trends and measures of organizational and financial performance. They are complemented by asset management and policy development regarding debt management, reserve levels, risk management and facility lifecycles. They also enable better monitoring of expenditures and investments in light of continued service delivery demands.

    Financial indicators provide insight on trends and measures of organizational and financial performance. They are complemented by asset management and policy development regarding debt management, reserve levels, risk management and facility lifecycles. They also enable better monitoring of expenditures and investments in light of continued service delivery demands.

    The public feedback period is now complete.