Province passing $1.15 million to Kamloops
The City of Kamloops is receiving a $1.15-million grant from the provincial government in lieu of property taxes.
The amount is less than the $1.2-million the city received last year.
Across B.C., 64 communities will receive $16.9 million in grants-in-lieu, which 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.
Each municipality distributes a portion of the funds to its regional district and those governments use the money to help pay for local services.
COMMENTS
Let's keep comments:
We ask that all participants own their words by logging in with their Facebook account. It's a simple process that will take seconds and helps keep our comments free of trolls, cranks, and “drive-by” commenters.
We reserve the right to remove comments from anyone using screen names, pseudonyms or false identities. Please see our FAQ if you have questions or concerns about using Facebook to comment.