| BC LIBERAL GOVERNMENT CAUCUS NEWS RELEASE For immediate release November 15, 2011 GRANTED: KAMLOOPS RECEIVES FUNDS IN LIEU OF TAXES KAMLOOPS – Today the Ministry of Labour, Citizens’ Services and Open Government announced a $1,234,641.52 grant for Kamloops 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: “Kamloops residents rely on the excellent services the City provides. Giving cities these grants in lieu of taxes on government properties is a great and fast way to support and encourage that excellence." - Kamloops-South Thompson MLA Kevin Krueger “The Province recognizes the importance of compensating municipalities like Kamloops for local services that benefit government-owned properties – so this funding is an investment.” - Kamloops-North Thompson MLA Terry Lake 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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