Hospital taxes to stay the same: Comox Strathcona Regional Hospital District
The North Island Hospital, Comox Valley, is pictured in a Vista Radio Stock Image taken on Jan.4, 2018(James Wood, MyComoxValleyNow.com Staff)
CAMPBELL RIVER, B.C. – Hospital tax levels should stay the same in the coming year.
This is according to the Comox Strathcona Regional Hospital District (CSRHD). The board for the two regions will maintain the tax level at $17 million.
According to the Campbell River Mirror, the board considered reducing the tax requisition to $15 million, but members decided to keep it at $17 million in order to generate reserves for future projects.
At the current $17 million tax level, reserve contributions will be average about $4.5 million each year for the next ten years, and should amount to $61 million, including interest.
With the North Island Hospitals Projects almost complete, the CSRHD is on time with regards to repaying its long-term debt by 2028.
The hospital district board will still have a strategic planning process. Members will review its mandate at that time, and could possibly make changes to tax requisition levels then.
We have reached out to the board for more details on this financial plan.