More gas tax cash coming to Kamloops

It was believed the city would receive an additional $3.7 million. Now that funds are being distributed, however, the city is set to receive $3.84 million

The City of Kamloops received slightly more than initially anticipated in gas tax funding, as a result of a one-time payout this year from the federal government.

Ottawa announced in its 2019 budget additional money for municipalities.

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At the time of the announcement, it was believed the city would receive an additional $3.7 million. Now that funds are being distributed, however, the city is set to receive $3.84 million.

The funds come in addition to $1.93 million in community works funds anticipated as part of community works funds, distributed twice annually to local governments via the Union of BC Municipalities, based on a per capita formula.

The federal dollars can be used toward a variety of local projects, including roads, bridges, highways, transit and brownfield redevelopment (abandoned, vacant, derelict or underutilized commercial and industrial properties where past actions have resulted in actual or perceived contamination and where there is an active potential for redevelopment).

Money can also go toward sports/recreational/tourism/cultural infrastructure or disaster mitigation.

City corporate services director Kathy Humphrey said the funds have not yet been earmarked for any local project.

She said the city waits until it receives funds before allocating them, in case something happens (such as an election) before the money reaches city coffers.

Humphrey said the money will sit in a reserve until the next budget cycle.

© Kamloops This Week



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