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The announcement was made by MLAs from the Peace River South and Peace River North, Blair Lekstrom and Pat Pimm respectively, speaking on behalf of Ida Chong, Minister of Community, Sport and Cultural Development.
The funding agreement, established in 2005, provides at least $20 million annually to the Peace River Regional District, based on changes in the rural industrial property tax base.
Funding for this annual instalment has already been factored into next year’s budget.
Peace River North MLA Pat Pimm says the funding is significant for our communities.
“In the Peace River Region, most of the industry infrastructure is located outside of the municipal boundaries, which prevents municipalities from collecting tax on the properties,” he explains. “This agreement helps ensure Peace communities can continue to provide essential services despite not being able to access the industrial tax base.”
The communities of Chetwynd, Hudson’s Hope, Taylor, Tumbler Ridge, Dawson Creek, Fort St. John and Pouce Coupe were all signatories in the agreement.
Funds are divided among local governments within the regional district determined by population size.
Including this new round of funding, the FairShare agreement has delivered $219.5 million to communities and rural areas in the Northeast.
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