The B.C. government is providing just over $17,000 in grants-in-lieu of property taxes to Hope.
These funds are part of the nearly $18.2-million in grants going to 63 communities across the province, including nearly $2,650 to Kent.
“This funding is really an investment,” said Chilliwack-Hope MLA Laurie Throness.
“The province recognizes how important it is to compensate municipalities for local services that benefit government-owned properties.”
Grants-in-lieu are distributed annually and are payable on land owned by the provincial government, including courthouses, provincial government office buildings, and ambulance stations. Properties eligible for grants-in-lieu of property taxes are determined by the Municipal Aid Act.
This year’s compensation represents an increase of $1.3 million over last year’s payments, funds which help municipal governments and regional districts provide local services.
