SRD Board Approves 2025–2029 Financial Plan, Prioritizing Community Wellbeing And Sustainability

SRD Board Approves 2025–2029 Financial Plan, Prioritizing Community Well-being and Sustainability

The Strathcona Regional District (SRD) Board has officially adopted its 2025–2029 Financial Plan, reaffirming a focus on strategic investments, fiscal responsibility, and advancing key priorities such as community well-being, climate resilience, and strong governance.

Serving as a blueprint for operations and long-term objectives, the Financial Plan balances the delivery of essential services with preparations for sustainable growth. Developed through a comprehensive process—including staff-led planning, public engagement, and in-depth Board discussions—the plan reflects a wide range of input and careful consideration.

Despite pressures from inflation and rising operational costs, the SRD remains committed to responsible development and community strengthening.

Key Investments in the 2025–2029 Financial Plan:

• Disaster Risk Reduction & Climate Adaptation: Funded through senior government grants, initiatives will enhance wildfire preparedness, climate resilience, and environmental sustainability.

• Healthcare Access & Workforce Housing: Continued investment in the Just Like Home Lodge and Healthcare Workforce Housing initiative supports both patient care in Campbell River and critical housing for healthcare professionals.

• Community Recreation Infrastructure: The REC-REATE project will revitalize Strathcona Gardens, delivering modern sports and rehabilitation facilities.

• Governance & Engagement: Funding will support Indigenous reconciliation efforts, enhanced public engagement, and professional development for staff and elected officials.

Electoral Area Tax Impacts

Revised overhead allocations and increased service demands will result in household tax increases across all electoral areas:

• Area A (Kyuquot/Nootka-Sayward): 4% increase (~$30 per average household), driven by the new cost-sharing model and increased contributions to the Vancouver Island Regional Library (VIRL). Coordination with Sayward will also improve fire service cost distribution.

• Area B (Cortes Island & Surrounding Archipelago): 4% increase (~$64), due to revised overhead distribution and higher VIRL funding.

• Area C (Discovery Islands & Mainland Inlets): 30% increase (~$193), reflecting internal cost reallocation and expanded funding for community halls, libraries, and 9-1-1 services.

• Area D (Oyster Bay–Buttle Lake): 4% increase (~$96), supporting growth in recreation, transit, and library services.

“Extensive effort has gone into developing a plan that meets residents’ needs while laying the groundwork for a sustainable and prosperous future,” said SRD Chair Mark Baker. “Investments in recreation, housing, climate resilience, and governance will provide long-lasting value for our region.”

To learn more or view the full budget, visit www.srd.ca/financial-planning.

The Strathcona Regional District serves more than 48,000 residents across four electoral areas, a treaty First Nation, and five member municipalities.