Peace Region Fair Share funding increases

In 2013, Fort St. John will receive just under $19.6 million, while Dawson Creek will get $11.8 million. Elsewhere in the Peace Region, Chetwynd will receive $2.2 million, and Tumbler Ridge almost $1.1 million, while Taylor will see $993,000, Pouce Coupe will get $854,000, and Hudson’s Hope gets $555,000. Each Regional District Electoral Area will also receive close to $592,000 each, for a total of almost $2.4 million.

The Peace Region receives at least $20 million a year through the Peace River Memorandum of Understanding with the provincial government. North Peace MLA Pat Pimm explains that Fair Share funds act as a replacement for property taxes communities can’t collect from industrial developments outside of their tax base.
“This agreement helps ensure Peace communities can continue to provide essential services despite not being able to access the industrial tax base,” he says.
“As activity in the oil and gas sectors continues to increase, it is important that this area of the province maintains and upgrades the necessary infrastructure for business, workers and families working and living up here,” adds Peace River South MLA Blair Lekstrom.
This funding has already been factored into this year’s budget.