Northwest communities sign memorandum on revenue-sharing with province
The provincial government signed a memorandum of understanding with the Northwest BC Resource Benefits Alliance on Sept. 15, which brings them one step closer to a new revenue-sharing agreement.
Most projects generating economic activity in the northwest fall outside of municipal boundaries which translates to little local government revenue and significant costs for communities in the region, the RBA website states. The MOU that was signed outlines the province and RBA’s commitments to work together to assess the impact of current and new industrial developments in the region. It dictates the principles that both parties have agreed to follow during the process and the steps that will be taken moving forward.
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