The province announced in February that the Growing Communities Fund would provide $1 billion in grants to all 188 B.C. municipalities and regional districts.
Burnaby is receiving a large grant from the provincial government that's set to help put key projects into motion.
In February, the province announced the Growing Communities Fund, which would provide a one-time total of $1 billion in grants to all of the 188 B.C. municipalities and regional districts. "I am glad that our provincial government is investing in local services and infrastructure for Burnaby," Burnaby North MLA Janet Routledge said in a news release. It's currently not known what the city will use the funds for.
According to the release, grants will be distributed to municipalities and regional districts using a funding formula that reflects population size and growth. The formula incorporates an initial $500,000 per municipality or district, and further adjustments for population size and per-capita population growth between 2016 and 2021, based on BC Stats data.
"This method considers the impacts of service and amenity demands on smaller and rural communities and the additional pressures experienced by faster-growing communities," the statement read.The province added all local governments are required to report the use of funds in their annual audited financial statements.
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