November 10, 2014 - 7:32 PM
KAMLOOPS - The hospital board approved the 2015 budget for Royal Inland Hospital and while the budget is $16 million higher than in 2014 it will not impact tax bills next year.
The Thompson Regional Hospital District board of directors approved the $34.4 million provisional budget, which is nearly double the 2014 budget.
The 2015 budget includes partial funding for the clinical services building, other capital projects, minor equipment and carry forward projects. It also includes a contribution from a capital reserve of $11 million.
A three-year strategic agreement saw taxes increased by about $21 per year per average household from 2012 through 2014. The residential tax rate for the hospital district will now remain at $127 for the average household in 2015.
The board also approved another bylaw to cost-share with Interior health for just under $2 million in minor equipment for Royal Inland Hospital, Ashcroft, Barriere, Chase, Clearwater, Lillooet, Logan Lake and Merritt. This type of cost-sharing agreement is completed annually and sees the district pay 40 per cent of the costs.
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News from © InfoTel News Ltd, 2014