District of Lake Country adopts 2020-2024 Financial Plan

Councillors adopted the plan at council meeting on Tuesday night

The District of Lake Country has adopted its five-year capital plan (File photo)

District of Lake Country councillors adopted their 2020-2024 Financial Plan at a meeting on Tuesday, March 3.

The adoption means Lake Country residents will be faced with a 5.88 per cent property tax increase in 2020 and a $25 increase to the district’s parcel tax from $125 to $150.

READ MORE: Lake Country budget approved

The average Lake Country home assessed at $711,000 will now have to pay an extra $123 dollar per year with the tax increase.

The new 5.88 per cent tax increase is slightly lower than the 6.03 tax per cent increase proposed for Lake Country residents just months ago.

Major capital projects slated for 2020 include $3.3 million to complete road improvements along Bottom Wood Lake Road and $500,000 towards a new fire vehicle for the district.

To view all the entire financial plan, visit the District of Lake Country’s website.


Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

RCMP, firefighters rally in support for health care workers in Kelowna

Pandosy Street was packed with supporters Saturday night

Apparent gas leak on Highway 33 in Kelowna

Emergency crews have taped off access to Centex Gas on Highway 33 near Asher Road

Kelowna RCMP plan mini parade past KGH to recognize health care workers

Kelowna officers will flash lights and sounds both Saturday and Sunday night

Perry and Stanley awarded top UBC Okanagan rookies

The volleyball star and soccer star won the prize over Heat’s virtual awards banquet

Interior Health officials outline pandemic response in virtual town hall

Kelowna-Lake County MLA Norm Letnick moderates digital discussion, Q&A with Interior Health leadership

B.C. is seeing the highest rate of COVID-19 recovery in Canada, and there’s a few reasons why

British Columbia was one of the first to see rise in COVID-19 cases, and has also switched up testing

UPDATE: Coronavirus concerns prompt event cancellations across the Okanagan

This is a running list of events cancelled across the Okanagan

No hesitation; two bystanders assist in South Okanagan house fire rescue

“I’d do it for anybody,” says Penticton man after assisting in house fire rescue

WATCH: Okanagan producer treats neighbours to live music from safe distance

Neighbours practiced social distancing as Jeff Johnson played songs from his front steps

Sewers stitch masks to free up supplies for front-line health-care workers

“We have little old ladies sewing up a storm,” said Joan Davis

Experts weigh in on best handling of groceries during COVID-19 pandemic

Study suggests the virus can live for up to 24 hours on cardboard and up to three days on plastic

COVID-19 world update: Enforceable quarantine in NYC?; France orders 1 billion masks

Spain warns EU’s future at stake; New York governor calls Trump’s idea ‘federal declaration of war

Earth Hour 2020 kicks off online Saturday night

Action moves online due to COVID-19

Okanagan woman baking for those in need amid COVID-19

Vernon’s Crystal Hedlund launched a GoFundMe page to generate funds for baking materials

Most Read