Province pays City of Nanaimo grants-in-lieu for property taxes

NANAIMO – The B.C. government will pay the City of Nanaimo just over $350,000 in compensation for property taxes.

The province will pay the City of Nanaimo just over $350,000 in property tax compensation this year.

The B.C. government gives municipalities grants-in-lieu of property taxes each November.

There will be $17.1 million distributed across the province and just over $350,000 for the City of Nanaimo covering services to government properties like the Nanaimo Correctional Centre and courthouse. The dollars will go into the city’s general revenue, according to Brian Clemens, the city’s director of finance.

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