News

Province passing $1.15 million to Kamloops

The City of Kamloops is receiving a $1.15-million grant from the provincial government in lieu of property taxes.

The amount is less than the $1.2-million the city received last year.

Across B.C., 64 communities will receive $16.9 million in grants-in-lieu, which 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.

Each municipality distributes a portion of the funds to its regional district and those governments use the money to help pay for local services.

 

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