| BC LIBERAL GOVERNMENT CAUCUS NEWS RELEASE For immediate release November 15, 2011 GRANTED: PENTICTON RECEIVES FUNDS IN LIEU OF TAXES PENTICTON – Today the Ministry of Labour, Citizens’ Services and Open Government announced an $86,842.86 grant for Penticton 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 provide funds that help the City of Penticton deliver services to residents.” - Penticton MLA and Speaker of the House Bill Barisoff 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 | |
| © 2007 Government Caucus of British Columbia. All Rights Reserved. |