Penticton mayor John Vassilaki was thrilled with the announcement of a $4.7 million awarded to the city Thursday, Nov. 5, 2020. The city is set to begin its budget deliberations later this month. (City of Penticton photo)

Penticton mayor John Vassilaki was thrilled with the announcement of a $4.7 million awarded to the city Thursday, Nov. 5, 2020. The city is set to begin its budget deliberations later this month. (City of Penticton photo)

City of Penticton to get millions in grant money

Provincial government grant money earmarked to aid COVID-19 economic recovery

The City of Penticton is set to receive $4.7 million as part of the provincial government’s COVID-19 Safe Restart Grant.

The newly created funding initiative is aimed at supporting local governments as they deal with increased operating costs and lower revenue due to COVID-19.

READ MORE: City proposes 2.25 per cent tax increase in 2021 budget

Penticton mayor John Vassilaki was thrilled with the announcement, noting that the money will help recoup the reserve funds the city used to get through COVID-19 earlier in the year.

“With Penticton City Council heading into its budget deliberations later this month, the announcement of this grant couldn’t come at a better time and will consequently give council the option and means to immediately replenish the reserve we relied on earlier this year as we responded to COVID-19,” said the mayor in a press release.

“On behalf of council and all residents of our community, I wish to thank the B.C. Government for this financial support and the positive impact it will have on the city’s ability to continue delivering the critical services our residents depend on.”

City staff will seek direction from council during the upcoming budget talks on how best to manage the grant.

In the meantime, the money will be used to replenish the city’s depleted Financial Stabilization Reserve, the primary source of emergency funding that allowed the City to provide tax relief to residents in 2020.

Staff is expected to recommend a portion of the grant be used as part of the 2021 budget as an alternative to drawing down other reserves needed to address revenue shortfalls projected through next year.

B.C.’s government has earmarked up to $1 billion of additional spending targeted to address COVID-19 impacts and restart plans of local governments and public transit services across the province, conditional on matching federal contributions under a 50/50 cost-sharing criteria.

READ MORE: Cuts help balance Penticton’s COVID-19 budget



jesse.day@pentictonwesternnews.com

Like us on Facebook and follow us on Twitter

Coronavirus

Just Posted

This photo of the small wildfire burning above Naramata was taken at 8 p.m. on Thursday, June 17, 2021 (Monique Tamminga Western News)
BC Wildfire on scene of small wildfire above Naramata

Black smoke can be seen rising from the mountain

Keremeos’ heritage Grist Mill and Gardens. (Brennan Phillips - Keremeos Review)
Keremeos Grist Mill looking forward to restrictions easing with exclusive concert planned

Juno Award-winning folk artist Valdy is set to take the stage

Letter writer says COVID has created lots of newbie cyclists who don't know rules of cycling. (File photo)
LETTER: Newbie cyclists in Penticton need lessons on rules of the road

Penticton cycling group just received city funding, should give back by offering how-to lessons

No dental coverage for low income Canadians. (File photo)
OPINION: Penticton MP’s proposal for universal dental coverage rejected

One in 3 Canadians have no dental coverage, with COVID making it even worse

The weekly COVID-19 map for June 6 to 12. (BC CDC)
South Okanagan sees only 5 new cases in last week

The Similkameen Valley went a second week without any new cases

Bear wanders Kelowna on June 15. (Michelle Wallace/Facebook)
Bear climbs fence, uses crosswalk in Kelowna

The bear was spotted on Baron Road Wednesday evening

Students in the Grade 10 entrepreneurship program at Summerland Unisus School have completed a cookbook with international recipes. (Contributed)
Summerland students create virtual international cookbook

Entrepreneurship program at Summerland Unisus School uses virtual cookbook as fundraiser

Hundreds of people, young and old, joined the three-day Walking Our Spirits Home procession, honouring residential school survivors, those who never made it home and all those affected by the institutions. Here people walk the third portion on June 13. (Martha Wickett - Salmon Arm Observer)
Walking Our Spirits Home from Kamloops provides path to healing

First Nations in and beyond Secwépemc territory join in to honour residential school survivors

More flames
Lake Country home destroyed in large blaze, 11 dogs rescued

Fire crews are responding to 10839 Hallam Drive

(Facebook/Kelowna Cabs)
Kelowna Cabs reaches tentative agreement with dispatchers union

The tentative agreement could help end the dispute between the taxi company and the dispatchers

FILE – A science class at L.A. Matheson Secondary in Surrey, B.C. on March 12, 2021. (Lauren Collins/Surrey Now Leader)
Teachers’ union wants more COVID transmission data as B.C. prepares for back-to-school

BCTF says that details will be important as province works on plan for September

A boat sharing service is extending to Summerland. The company, Penticton Boat Club and Rentals, is also taking over the boat rentals at Summerland Waterfront Resort. (Photo by Chris Stenberg)
Boat sharing service extended from Penticton to Summerland

Company will also operate boat rentals at Summerland Waterfront Resort

201 First Street West 1980s. Prior revitalization. (Photo from Revelstoke Museum and Archives)
Man who redesigned downtown Revelstoke honoured with lifetime achievement award

Robert Inwood has worked on historical projects across the province

Provincial health officer Dr. Bonnie Henry outlines B.C.’s COVID-19 restart plan, May 25, 2021, including larger gatherings and a possible easing of mandatory masks on July 1. (B.C. government photo)
B.C. records 120 new COVID-19 cases, second vaccines accelerating

Lower Pfizer deliveries for early July, Moderna shipments up

Most Read