NORD Taxes

Fri, 2009-03-20 09:06. 105.7 SUN FM: Starlee Speers - Vernon

The North Okanagan regional district set its five year financial plan this week. Vernon will pay 145-thousand dollars less in requisitions to the regional district after deciding to take on functions like economic development. NORD chair Eric Foster says the regional district will no longer have an economic development officer. Foster says Vernon has offered use of its economic function on a fee per use basis. Vernon will pay nearly nine million dollars in requisitions to NORD in 2009.

According to councillor Bob Spiers, The economic development function will cost the city a quarter of a million dollars in it's first year.

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Don Quixote Note: The actual budget for the Economic Development function in the City of Vernon for 2009 is $247,560. You can find all the budget figures at

• 2009-2013 Financial Plan - 5.10MB

. A copy can be picked up at City Hall at the front desk. (This paper copy is much easier to read than the online version.) (March 30 th Public Input at 5:30 PM)

Last year (2008) at NORD Vernon's share of the Economic Development/Tourism function was $373,459 of a $554,180 Total NORD Function. (This included the Tourism Function for which Vernon in their 2009 budget has indicated a net cost of about $105,000.)