Lantzville taps into community investment fund
New provincial funding will help keep taxes low for Lantzville residents.
The B.C. government recently announced the District of Lantzville will get close to $290,000 from the province’s Strategic Community Investment Fund.
Parksville and Qualicum will also see funding, including small community grants and traffic fine sharing revenue totaling more than $599,000.
The dollars are part of almost $74 million distributed to B.C. communities as an additional revenue source, and helps cover costs of policing to new equipment, infrastructure and increased community safety initiatives.
In Lantzville, the community investment funds are “used to keep tax rate increases to a minimum. We intend to do the same for 2014,” wrote Twyla Graff, the district’s chief administrative officer in an e-mail.
The district received a small community grant under the investment fund, which is available to municipalities with populations of up to 19,000 residents.