The B.C. government has distributed $100,897 in compensation for municipal property taxes to the City of Vernon.
Altogether, the Province has distributed nearly $16 million in compensation for municipal property taxes to 56 communities around B.C.
Grants in lieu of property taxes are distributed every November and reimburse municipalities for services that benefited government properties, such as municipally run sewers, roads and fire protection.
Grants are issued in accordance with the Municipal Aid Act and are payable on land owned by the provincial government, such as courthouses, provincial government office buildings and warehouses.
Schools and hospitals are exempt from paying municipal property taxes and are not part of the grants-in-lieu calculation. Other provincial assets such as highways, forests, parks or land under the control, management or administration of a Crown corporation are also excluded from compensation under the act.
Since 2002, the Government of British Columbia has distributed more than $254 million in grants in lieu to B.C. communities. A portion of the funds are paid by each community to its regional district, and both levels of local government use grants to help pay for local services.
Eric Foster, MLA for Vernon-Monashee –
“This year the City of Vernon is receiving over $100,000 as a result of the grants-in-lieu of property taxes program. It’s great to see our city receive funds that can be used to meet our local infrastructure and services needs.”