| BC LIBERAL GOVERNMENT CAUCUS NEWS RELEASE For immediate release November 15, 2011 GRANTED: SALMON ARM AND SICAMOUS RECEIVE FUNDS IN LIEU OF TAXES SALMON ARM – Today the Ministry of Labour, Citizens’ Services and Open Government announced grants for Salmon Arm ($14,292.43) and Sicamous ($4,806.27) in compensation for municipal property taxes. Why this Matters • 64 communities across British Columbia will share $16.9 million in grants-in-lieu of property taxes. • These grants are distributed as a way to reimburse municipalities for services benefitting government properties, such as sewers, roads and fire protection. • The amounts paid are based on the assessed value of the properties and the municipality’s tax rate. Quotes: “These grants are a great way to provide additional funds for important services. It’s great to see Salmon Arm and Sicamous receiving their share.” - Shuswap MLA George Abbott Additional information • Since 2002, the Government of British Columbia has distributed more than $173 million as grants-in-lieu to B.C. municipalities. • Each municipality distributes a portion of the funds to its regional district, and those governments use the money to help pay for local services. -30- Media contact: Maclean Kay, B.C. Government Caucus Communications: 250-952-0778 | |
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