Email from Min. C. Oakes - Re: 2014 Strategic Community Investment Fund Letter
Notification of accelerated grant funding transfers to the Town under the SCIF program.
From: LGIF CSCD:EX LGIF@gov.bc.ca
Sent: June-27-14 11:46 AM
To: Info Address
Subject: 2014 Strategic Community Investment Fund Letter
Ref: 155711
His Worship Mayor Graham Hill and Members of Council Town of View Royal 45 View Royal Avenue Victoria, BC V9B 1A6
Email: info@viewroyal.ca cc: jbeauchamp@viewroyal.ca
Dear Mayor Hill and Councillors:
Strategic spending by British Columbia communities stimulates local economies, encourages growth, creates local jobs, and helps offset the effects of the ongoing global economic downturn. Recognizing this, the Province of British Columbia developed the Strategic Community Investment Fund (SCIF) to provide accelerated grant funding to local governments. The current iteration of SCIF covers five payment installments over three calendar years (2012 through 2014).
To date, the current iteration of the SCIF program has provided local governments with $232.4 million in accelerated grant funding. This resulted in local communities receiving more provincial funding sooner, giving greater certainty and improved financial flexibility for the future.
The June 2014 payment installment will total $73.7 million, consisting of $38.6 million for the Traffic Fine Revenue Sharing Program to help municipalities enhance policing and community-based public safety programs, and $35.1 million for Small Community and Regional District Grants supporting local governments to provide services in areas with smaller tax bases.
For your community, the following amount(s) were transferred to you on or before June 30, 2014.
- Small Community Grant: $256,806
- Traffic Fine Revenue: $51,379
As with the previous Strategic Community Investment Fund program, we expect that local governments will continue to report publicly on the use of these funds through the annual reporting requirements.
Sincerely,
“Original signed by”
Coralee Oakes Minister of Community, Sport and Cultural Development