Bill 204 – Provincial-Municipal Tax Sharing Act
Ms Blakeman: Thank you very much, Mr. Speaker. I request leave to introduce a bill, being Bill 204, the Provincial-Municipal Tax Sharing Act.
This is a bill which I am proposing because municipalities require a stable and predictable level of funding from the government to effectively plan and deliver programs and services, and they have been experiencing, with property tax revenues, fluctuations in municipal funding, which causes uncertainty in the establishment and operation of those same programs and services. The bill is calling for the creation of an account to be established to receive 2.5 per cent of provincial income tax revenue, which would then be distributed to municipalities to make up that funding gap for operating expenses.
Thank you very much, Mr. Speaker.
[Motion carried; Bill 204 read a first time]
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