September 15, 2009

Nearly $670 Thousand in Provincial Funding Supports Local Communities

PENTICTON – The provincial government is providing a total of $669,210 to Penticton, Summerland and Peachland through the Strategic Community Investment Fund to support public safety initiatives and local government operations.

“The money provided through the Strategic Community Investment Fund supports infrastructure and services we rely on every day,” says Penticton MLA Bill Barisoff. “This support helps our communities with the cost of maintenance, improvements and helps with new initiatives.”

Recipients of the Strategic Community Investment Funds are as follows:

Small Community Grant:

• $231,808 to the District of Peachland

• $164,514 to the District of Summerland

Traffic Fine Revenue Sharing:

• $236,144 to the City of Penticton

• $36,744 to the District of Summerland

This is the second of three payments from the Strategic Community Investment Fund, a two-year, $232-million initiative consisting of the Traffic Fine Revenue Sharing Program and Small Community and Regional District Grants. Communities received a first payment in Spring 2009 and will receive a third payment in early 2010.

Through the Traffic Fine Revenue Sharing Program, the province has provided 100 per cent of net traffic fine revenues to local government since 2004.  Traffic fine revenue comes from fines on violation tickets, with a municipality receiving an amount based on its contribution to the total cost of municipal policing.  The Small Community and Regional District Grant allocation is calculated based on population and assessment.

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