Oak BayB次元官网网址檚 grant in lieu of taxes from the University of Victoria is right on trend for 2018 B次元官网网址� unfortunately, says Mayor Nils Jensen.

In 2003 Oak Bay got more than $72,000; last year the district received $55,000.

This year they received $50,000 in the consistent decline.

B次元官网网址淚tB次元官网网址檚 not a fair assessment,B次元官网网址� Jensen said. B次元官网网址淭he grant is nowhere near the service we provide would cover.B次元官网网址�

About one-third of the university property lies within Oak Bay boundaries, with the rest in Saanich. The two municipalities divide an apportioned tax rate for the university. Jensen offered a broad estimate of $250,000 value in services to the university campus in a year.

A fair comparison mayor and council consistently use is the federal land example: Last year Esquimalt got about $12 million for the naval base.

Oak Bay and other municipalities have called for reform for years. In the , Oak Bay and the Union of B.C. Municipalities asked the province to amend the University Act to require that the university grants-in-lieu-of-taxes formula better reflect forgone municipal taxes and that rates paid by universities be in keeping with payment- in-lieu-of-taxes paid by the Government of Canada for Federal properties.

The answer was .

cvanreeuwyk@oakbaynews.com
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