Revamped gas-tax fund means cash injections for White Rock
A new agreement on the federal gas tax fund translates to extra dollars for the City of White Rock to use on infrastructure and capital projects.
In a report to council July 14, financial services director Sandra Kurylo said the city will receive $105,207.95 this year, and a similar amount annually for the next decade, if it signs off on the 2014 to 2024 Community Works Fund Agreement.
Previously, gas tax funding was largely allocated to TransLink.
"It's nice to get a little of it back," said Mayor Wayne Baldwin.
The new injection will have to be tracked in a separate yearly report, which must also assign interest.
The money can be used for "quite a range" of projects, Kurylo said, citing road work, sports and solid-waste management as among possibilities.
The new agreement is being administered on behalf of the region by the UBCM. Once in place, funding will be received semi-annually.
Council voted unanimously to authorize Baldwin and the city clerk to execute the agreement.