Victoria, BC- The Capital Regional District (CRD) Board has approved the 2017 wholesale water supply rate, which will remain the same as the 2016 rate at $0.6375 per cubic metre as recommended by the Regional Water Supply Commission.
The 2017 wholesale water supply rate recommendation was driven by the following key factors:
- There is an estimated $1.82 million in additional water sale revenue in 2016, resulting from higher than budgeted water consumption in the spring and summer.
- The additional revenue from 2016 will be used to fund current and upcoming capital projects, reducing some operating expenses and the amount of funding required through loans and long-term debt.
- Water demand in 2017 is not expected to decrease considering warm and dry weather projections and indications that growth-related demand is beginning to outpace the impact of declining indoor demand.
- Minor increases in operating expenses associated with water supply system operation, maintenance and repair costs.
- Staff initiatives to realign or reallocate resources, identify potential synergies or efficiencies between departments and services, and an ongoing review of service levels and efficiency opportunities through the service planning and budget development process.
“As a result of many years of infrastructure investments and responsible financial management of resources, the Regional Water Supply System is not facing the severe infrastructure deficit that many local government utilities are facing across Canada,” said Barbara Desjardins, Chair of the CRD Board. “Careful consideration of the Regional Water Supply operating and capital budgets, and the wholesale rate, is given annually by the Commission.”
Feedback can be provided via email. Comments will be correlated and provided to the Board as part of the budget planning process.
Celebrating 50 years! The CRD delivers regional, sub-regional and local services to 13 municipalities and three electoral areas on southern Vancouver Island and the Gulf Islands. Governed by a 24 member Board of Directors, the CRD works collaboratively with First Nations and all levels of government to enable sustainable growth, enhance community well-being, and develop cost-effective infrastructure while continuing to provide core services to residents throughout the region.
For media inquiries, please contact:
Ted Robbins, General Manager
CRD Integrated Water Services