Grants fill Kelowna’s coffers

The B.C. government has provided a grant of $300,000 to the City of Kelowna in compensation for municipal property taxes.

The B.C. Ministry of Labour, Citizens’ Services and Open Government has provided a grant of $352,917.33 to the City of Kelowna in compensation for municipal property taxes.

Across B.C., 64 communities   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.

“These grants are a great way for local governments to reinvest funds back into the community to provide services Kelowna residents count on,” said Kelowna-Mission MLA Steve Thomson.

“Even for a city like Kelowna, which collects some $96.6 million in taxation revenue, a grant of more $350,000 will make a significant difference,” added Kelowna-Lake Country MLA Norm Letnick.

 

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