Comox-Strathcona regional hospital budget approved at $29.9 million

The Comox-Strathcona Regional Hospital District (CSRHD) has adopted a 2013 budget of $29.9 million.

The Comox-Strathcona Regional Hospital District (CSRHD) has adopted a 2013 budget of $29.9 million.

The budget will see an estimated tax rate of $80 per $100,000 of assessed property value, which is an increase of $3.75 per $100,000 from last year.

This increase reflects the board’s strategy to gradually increase the tax rate over the short term in order to minimize future increases that will be required for long-term debt costs for the North Island Hospitals project.

“The CSRHD’s share of the projected capital cost of two new hospital facilities — known as the North Island Hospitals Project — based on a cost estimate of approximately $600 million, is approximately $240 million,” said Claire Moglove, CSRHD chair.

“A gradual tax rate increase from 70 to 84 cents per $1,000 of taxable value was first initiated in 2010 in order to be proactive and to financially plan for the two new hospitals. As of Dec. 31, the major capital project reserve balance will be approximately $66 million.

“This ‘down payment’ could substantially reduce our borrowing requirements and debt payments.”

In addition to planning for the new hospitals, the CSRHD has also allocated $1.6 million towards new capital projects and equipment in the existing hospitals in the Comox Valley and Campbell River, and in other facilities supported by the regional hospital district.

In addition, approximately $3 million is being carried forward for previous years’ projects not yet completed.

The CSRHD provides capital funding, cost-shared with the provincial government on a 60/40 basis, with the hospital district portion being 40 per cent.

The facilities that the CSRHD funds are: St. Joseph’s General Hospital in Comox, Cumberland Regional Hospital Laundry Society, Campbell River & District General Hospital, Gold River Health Clinic, Sayward Primary Health Centre and health centres on Cortes Island, and in Kyuquot, Tahsis and Zeballos.

— Comox-Strathcona Regional Hospital District

Just Posted

Limits raised at YQQ due to obstacles near airport

Some flights have been rerouted or cancelled due to some trees impacting the safety margins

No missed business hours for AIDS Vancouver Island despite neighbouring fire

Despite some damage to their ceiling and doors, AIDS Vancouver Island returned… Continue reading

Dead tree with eagle’s nest cut down in Comox due to safety concerns

The landowner was granted a permit to remove the tree

RCMP looking for information as thrift store fire investigation continues

Too Good To Be Threw suffered extensive damage after a late night fire on Sunday

Commen-Terry: Helping Hands to benefit flood victims

Fundraising concert Feb. 7 in Courtenay for those affected by Mariner Apartment flood

VIDEO: Here’s what the B.C. legislature officers are accused of buying

Personal trips, purchases, alcohol and more laid out in 76-page report by Plecas

Former Blue Jays ace Roy Halladay voted into Baseball Hall of Fame

M’s legend Edgar Martinez, Rivera, Mussina also make the grade

Why would the B.C. legislature need a firewood splitter?

First sign of police involvement in investigation of top managers

New Canada Food Guide nixes portion sizes, promotes plant-based proteins

Guide no longer lists milk and dairy products as a distinct food group

YANA Online Auction runs until Feb. 8

Items include four pairs of tickets to sold-out Big Love Dinner

North Island College Activity Assistant program returns

Learn more at a free information session Feb. 6 - pre-registration required

Judge annuls hairdresser’s forced marriage to boss’ relative

Woman was told she’d be fired if she didn’t marry boss’s Indian relative so he could immigrate here

Liberals look to make home-buying more affordable for millennials: Morneau

Housing is expected to be a prominent campaign issue ahead of October’s federal election

Most Read