Regional taxes rising slowly to help pay for new Comox Valley, Campbell River hospitals

The Comox-Strathcona Regional Hospital District (CSRHD) has adopted a 2011 budget of $21.4 million.
The budget is based on an estimated tax rate of $71.76 per $100,000 of assessed property value, which is an increase of $1.41 per $100,000 from last year.

  • Mar. 3, 2011 6:00 a.m.

The Comox-Strathcona Regional Hospital District (CSRHD) has adopted a 2011 budget of $21.4 million. The budget is based on an estimated tax rate of $71.76 per $100,000 of assessed property value, which is an increase of $1.41 per $100,000 from last year.This increase reflects the board’s four year strategy to gradually increase the tax rate over the short term 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 $500 to $600 million, is approximately $240 million,” said Charlie Cornfield, CSRHD chair. “The gradual tax rate increase from 70 to 84 cents per $1,000 of taxable value from 2010 through 2014 would bring our major capital project reserve balance up to approximately $70 million. This ‘down payment’ would substantially reduce our borrowing requirements and debt payments.”  In addition to the budget containing $10.5 million toward the new hospitals, the CSRHD has also allocated $1.6 million for new capital projects in the existing hospitals in the Comox Valley and Campbell River, and in the other facilities supported by the regional hospital district.as well, approximately $3.6 million is being carried forward for previous years’ projects not yet completed, such as the purchase of a multi-purpose fluoroscopy unit for the Campbell River and District General Hospital and a general X-ray machine for St. Joseph’s General Hospital in Comox. 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 Campbell River and District General Hospital, St. Joseph’s Hospital, Cumberland Regional Hospital Laundry Society, Gold River Health Clinic, and health centres on Cortes, and in Kyuquot, Tahsis and Zeballos.— Comox-Strathcona Regional Hospital District

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

Comments are closed

Just Posted

Piercy Creek habitat assessment project launched

For more than 20 years, Millard/Piercy Watershed Stewards have worked to enhance… Continue reading

Cumberland keeps pushing for groundwater protection

Council will raise issue with Province again through Union of BC Municipalities

Annual music event in Comox Valley celebrates online instead

Vancouver Island MusicFest holds virtual celebration set for July 10

Cumberland wants more done to stop drug deaths

Motions include writing Dr. Bonnie Henry, holding naloxone workshop

Courtenay theatre gets support for livestream ‘hybrid’ shows this year

Island Coastal Economic Trust funds help Sid Williams Theatre with infrastructure, training

B.C. accommodators need phone lines to light up as in-province travel given green light

Travel restrictions during the COVID-19 pandemic have decimated the tourism and hospitality industries

300 Cache Creek residents on evacuation alert due to flood risk as river rises

Heavy rainfall on Canada Day has river rising steadily, threatening 175 properties

PHOTOS: GP Vanier Grad

Some submitted photos from the 2020 grad celebrations at GP Vanier in Courtenay

First glimpse of Canada’s true COVID-19 infection rate expected mid-July

At least 105,000 Canadians have tested positive for COVID-19 since the coronavirus was identified

Police ramp up efforts to get impaired drivers off B.C. roads this summer

July is dedicated to the Summer CounterAttack Impaired Driving Campaign

Migrant workers stage multi-city action for full status amid COVID-19 risks

‘COVID-19 has exacerbated an existing crisis’

Okanagan school drops ‘Rebels’ sports team name, citing links with U.S. Civil War

Name and formerly-used images “fly in the face” of the district’s human rights policy, says board chair

PHOTOS: B.C.’s top doc picks up personalized Fluevog shoes, tours mural exhibition

Murals of Gratitude exhibit includes at least one portrait of Henry alongside paintings of health-care workers

In troubled times: Independence Day in a land of confusion

Buffeted by invisible forces and just plain worn out, the United States of America celebrates its 244th birthday

Most Read