Business
Residents Challenge RDN’s $391.5 Million Financial Plan Approval
Residents of the Regional District of Nanaimo (RDN) expressed significant concerns during a public board meeting held on December 9, 2023, where the RDN approved a five-year Financial Plan totaling $391.5 million. The plan, which covers the years 2026 to 2030, received a weighted two-thirds vote in favor, despite objections from multiple community members.
The meeting featured six delegations, all voicing opposition to the proposed budget. Among them was a representative from the RDN Taxpayers Alliance, who urged the board to reconsider the approval of the budget in its current form. The alliance’s request included postponing or eliminating major capital projects, except those related to health care and critical infrastructure, and implementing a hiring freeze across the board.
As the meeting progressed, RDN board chair Stuart McLean repeatedly reminded attendees to maintain decorum, threatening to remove disruptive individuals if necessary. After hearing the concerns raised during the delegations, the board began its budget debate, addressing various issues highlighted by the speakers.
Directors can still amend the Financial Plan until its scheduled adoption on February 24, 2024. The proposed budget allocates $204.8 million for operating expenses and $186.7 million for capital expenses. The tax requisition is set at $101.9 million, reflecting a 7.2 percent increase from the previous year. The actual tax impact varies by location, as each area within the RDN receives different services.
The approval of the Financial Plan allows RDN staff to commence work on projects and operational changes that have already been authorized by the board. Vanessa Craig, the Director for Electoral Area B, commented on the budget adjustments, stating, “We’ve actually done the work to change the budget, to reduce some things [and] we’ve had to adapt for capital cost increases.” She emphasized the importance of adopting the plan now, noting that it provides a foundation for further changes before the end of the fiscal year.
As discussions continue regarding the financial strategy for the RDN, the community’s response will likely play a pivotal role in shaping future budget proposals and priorities.
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