The Province has provided the Bulkley-Nechako and Kitimat-Stikine regional districts with nearly $1.2 million in combined grants in lieu of property taxes, announced Ida Chong, Minister of Community, Sport and Cultural Development.
As a result of a 15-year memorandum of understanding between the Province and the two local governments, the Bulkley-Nechako and Kitimat-Stikine regional districts are compensated for hosting the Alcan Kemano hydroelectric project.
This year, the Bulkley-Nechako Regional District received $709,913 and the Kitimat-Stikine Regional District received $473,276 in grants in lieu.
John Rustad, Nechako Lakes MLA -
"The Province is committed to ensuring communities have the support they need to provide essential services and foster job opportunities for B.C. families. The Alcan Kemano facility is a major employer in the area and generates a valuable provincial resource, but is exempt from property tax. These grants in lieu of taxation compensate the districts for hosting the facility."
- The Alcan Kemano hydroelectric project, which includes dams, reservoirs and a powerhouse, spans both the Bulkley-Nechako and Kitimat-Stikine regional districts.
- The 2011 grants in lieu are approximately five per cent higher than in 2010.
- Under the terms of the Province's long-standing agreement with Alcan, the Alcan Kemano hydroelectric project is exempt from property tax.
- Similarly, communities that host or are impacted by BC Hydro-owned generating facilities throughout the province receive grants in lieu of local government taxation.
Ministry of Community, Sport and Cultural Development