As we published yesterday (Sooke receives half a million in federal Gas Tax transfer), Sooke will be receiving a Gas Tax transfer in the amount of $534,881.
Those who actually read the article will know that this is not new money. The Gas Tax transfer program has existed since 2005. Sooke was scheduled to receive this amount since 2014, and according to this Union of BC Municipalities pdf, Sooke is scheduled to receive 560,391 next year.
We have since heard from Maja Tait, Sooke’s mayor. The money they receive will be going into the District’s reserve fund, and from there it will be used mainly for the Turf Field project.
“We just received a payment of $270,792.67.” writes Tait in correspondence with SPN. “The next one won’t come in until end of November.” The first annual payment is always made in July.
Once the Turf Field project is complete, the Sooke mayor anticipates the District will have close to $250K remaining at the end of the year.
The Gas Tax transfer funding, which flows through the Union of British Columbia Municipalities (UBCM) to all communities on a per capita basis, is available to support community infrastructure projects.