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Richmond received a B.C. grant of $5,167 for taxes related to the ambulance station on Williams Road.
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Richmond receives small provincial grant
Published 5:21 PST, Wed December 8, 2021
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Richmond was one of 55 communities across B.C. to receive an annual grant in lieu of municipal property taxes last month.
Each November, the province pays grants in lieu of property taxes to municipalities and regional districts for services they provide in their communities. These include parks, sewers, roads, fire protection and other infrastructure projects. The grants are for properties owned by the provincial government including office buildings, warehouses and courthouses. Municipalities use these grants to fund and maintain priority public services and local infrastructure projects.
Richmond’s share of the more than $17 million distributed to municipalities is $5,167. City spokesperson Clay Adams says payments are based on the assessed value of properties subject to these taxes. Richmond’s amount is for taxes related to the ambulance station on Williams Road, which is owned by the province and used for provincial services.
“Because these payments are an annual process, they become part of the city’s general revenue which is used to offset overall costs,” says Adams.
Grant calculations are determined under the Municipal Aid Act. Schools and hospitals are exempt from paying municipal property taxes and are not part of the grants-in-lieu calculation. Also excluded from compensation are provincial assets, including highways, forests, and parks or land under the control, management or administration of a Crown corporation.
“The funding makes a big difference in communities throughout B.C., particularly now, as local governments and the people they serve navigate the economic impacts of the pandemic,” said Minister of Citizens’ Services Lisa Beare.
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