2024 Financial Plan

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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.

Residents are encouraged to participate, ask questions, and be actively involved in the financial planning process. Please don’t hesitate to ask a question or leave a comment to share your feedback on the 2024 provisional budget. The deadline to provide feedback is 11:55pm on Monday, February 26, 2024.

The plan is subject to change prior to final approval by the Board in March 2024.

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.

Residents are encouraged to participate, ask questions, and be actively involved in the financial planning process. Please don’t hesitate to ask a question or leave a comment to share your feedback on the 2024 provisional budget. The deadline to provide feedback is 11:55pm on Monday, February 26, 2024.

The plan is subject to change prior to final approval by the Board in March 2024.

  • Consolidated Budget

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    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


  • Operating Budget

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    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


  • Capital Budget

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    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)


  • Service Planning & Community Needs

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    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.

  • Financial Indicators

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    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.

Page last updated: 22 Feb 2024, 09:09 AM