Friday, August 10, 2018

Prince Rupert in line for $600,000 plus in first of two gas tax allocations

An indirect return on your regular fill ups comes in today
as the Federal Government distributes its Federal Gas Tax money

The Federal government is about to give back some of that gas money you spend over the course of a year, with today the day that they announce the first of two annual Federal Gas Tax instalments to communities across Canada.

For Prince Rupert, that means a cash transfer of $607,803, which is distributed through the Union of British Columbia Municipalities. This summer's distribution is close to thirty thousand more than what the city received in August of 2017.

Port Edward is looking at a transfer of $79,162

North Coast Regional District's total comes to $210,925

The twice a year distribution is designed to provide for a permanent, predicated and indexed source of long-term funding for communities across the nation.

Prince Rupert's amount is the largest for an individual community in the Northwest, while Bulkley-Nechkako Regional District will receive the largest amount of funding for the entire region.

Other communities across the Northwest will see the following distributions

Northwest Inland

Bulkley-Nechako RD -- $922,804
Kitimat-Stikine RD -- $766,961
Terrace -- $562,645
Kitimat -- $423,415
Smithers -- $293,906
Houston -- $194,178
Burns Lake -- $144,778
Telkwa --$114,776
New Hazelton -- $84,553
Stewart -- $76,953
Hazelton -- $67,055

Haida Gwaii

Queen Charlotte -- $96,837
Masset -- $94,185
Port Clements -- $71,827

You can review the full list for British Columbia here.

Since 2005, the province of British Columbia has seen over 2.8 billion dollars transferred through the Federal Gas Tax Fund.

The majority of the funding is used by communities on local infrastructure projects, with eighteen different categories available for local governments to choose to allocate their funding towards.

More notes related to Civic Finances in Prince Rupert can be explored here.

You can review our archive of Council Discussion topics to find some examples of how the City of Prince Rupert puts the federal money to work over the course of a year.

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