Sunday, November 17, 2013

 

BC Gov't News

Property Tax Cash

Grants-in-lieu assist Hope and Kent districts

Released by the BC Government Caucus/Voice file photo L. Throness

 

he B.C. Government is providing just over $17,000 in grants-in-lieu of property taxes to Hope and nearly $2,650 to Kent. These funds are part of the nearly $18.2-million in grants going to 63 communities across the province.

 

"This funding is really an investment," said Laurie Throness <http:///>, MLA for Chilliwack-Hope. "The Province recognizes how important it is to compensate municipalities for local services that benefit government-owned properties."

Grants-in-lieu are distributed annually and are payable on land owned by the provincial government, including courthouses, provincial government office buildings, and ambulance stations. Properties eligible for grants-in-lieu of property taxes are determined by the Municipal Aid Act.

This year's compensation represents an increase of $1.3 million over last year's payments, funds which help municipal governments and regional districts provide local services. Since 2002, the provincial government has distributed more than $208 million as grants-in-lieu to B.C. communities.
 

 

Copyright (c) 2013 The Valley Voice