November 15, 2011
MAPLE RIDGE RECEIVES FUNDING GRANT-IN-LIEU OF TAXES
 
MAPLE RIDGE – Today the Ministry of Labour, Citizens’ Services and Open Government announced a $1,081,780 grant for Maple Ridge in compensation for municipal property taxes. 

Why this Matters:
• 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.
• 64 communities across British Columbia will share $16.9 million in grants-in-lieu of property taxes.

Quotes:
"Compensating municipalities for taxes on government properties is a great way for local governments to reinvest funds back into the community. This money will help provide services Maple Ridge residents count on."
- Maple Ridge-Mission MLA Marc Dalton

Additional information:
• Since 2002, the Government of British Columbia has distributed more than $173 million as grants-in-lieu to B.C. municipalities.
• 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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