Province Hands Out Grants In Lieu Of Taxes For Alcan Dam

Wednesday, November 24, 2010 03:33 PM

Victoria- The Province is providing more than $1.1 million to the regional districts of Bulkley-Nechako and Kitimat-Stikine as payment in lieu of property taxes for the Alcan Kemano hydroelectric generating facility. The payments, are seven per cent higher than they were last year.

The Bulkley-Nechako and Kitimat-Stikine regional districts receive compensation for hosting the Alcan Kemano facility under a 15-year agreement with the Province.

This year, the Regional District of Kitimat-Stikine will receive $459,696 and the Regional District of Bulkley-Nechako will receive $676,043. The payments are calculated in the same way as those made to local governments by BC Hydro for

their generating facilities.

Previous Story - Next Story

Email |

Print |

Facebook |

Twitter |

Digg |

Del.icio.us

Posted on Wednesday, November 24, 2010 03:33 PM in News by 250 News

Return to Home

Comments

Posted by: Dragonmaster on November 24 2010 5:45 PM

There they go again. More handouts to the corporations!

Posted by: alex1212 on November 24 2010 8:24 PM

are we really becoming just cattle?if so we deserve all this and more,its snowing

Posted by: hood rich on November 25 2010 1:22 AM

Dragonmaster read the story again.

Posted by: sardonic on November 25 2010 7:48 AM

Does this mean that Alcan has been "excused" from paying taxes?
More give-aways to corporations?

Posted by: Dragonmaster on November 25 2010 8:46 AM

Pretty sure thats what it means sardonic. It means the taxpayer is picking up their tax bill in the form of our taxdollars being handed over to regional districts. The gov't and anyone receiving this money likes to call these taxdollars "grants".

Don't know exactly what kind of spin you'd put on it hood rich. Why don't you enlighten us.