The Comox Valley Regional District (CVRD) has approved its financial plan through 2030.
The board adopted its 2026 budget and financial plan through 2030 at its March 24 meeting. The plan includes $124.4 million for the operating budget and $97.8 million for the 2026 capital budget.
Chief financial officer Lucy Wiwcharuk said the plan reflects the CVRD’s commitment to fiscal responsibility.
“Careful attention to managing reserves, debt management and long-term forecasts was maintained throughout budget development.”
The CVRD updates the financial plan each year to outline five-year operational and 10-year capital requirements for each service.
Five-year financial plans are required by the province and map out how regional districts pay for services residents rely on, such as wastewater and sewage treatment, water services and parks management.
The CVRD does not collect property taxes directly from residents. Instead, it receives funds from member municipalities, while the province issues and collects rural property taxes in each electoral area.
(Photo supplied by Comox Valley Regional District)
About 30 per cent of the budget is funded through tax requisitions, an increase of 7.6 per cent from 2025.
Revenue from utility rates, fees and charges is projected at $33.1 million to support water supply and wastewater treatment services.
Water rates will remain unchanged in 2026, while wastewater treatment rates will increase by 5.3 per cent to begin addressing planned upgrades to the treatment system.
The budget bylaw also includes the Comox Strathcona Waste Management service, which adopted its financial plan Jan. 8.
That plan includes $21.8 million in revenue, with tax requisitions unchanged at $5.5 million.
Capital spending includes projects such as new fire halls in Union Bay and Mount Washington, water and sewer infrastructure, completion of the Sewer Conveyance Project, and asset renewal work for recreational facilities and regional parks.
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