Audited Financial Statements 2017
The 2017 report for the ORL finances.
Taxation Information by Area
Discover the taxes provided to the library from your municipality or regional district over the past decade.
The Okanagan Regional Library is funded through
In fact, 86 per cent of the library’s funding comes from property taxes from municipalities and regional districts in the ORL region.
Tax costs are calculated in two ways:
1. Half of the costs is calculated based on population, which reflects a community’s usage of the library.
2. The other half of the cost is calculated based on land value and improvements (i.e., property assessments), which reflects a community's ability to pay.
Once the costs are calculated, each municipality and regional district are billed, and the local Council or District Board shares out the cost among all property owners on the basis of property assessments.
Each municipality and regional district has the power to change their own tax apportionment formula.
The ORL is proud of its track record of being extremely cost-efficient with its budget, operating at 20 per cent less than the provincial average.