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Provincial Revenue Sharing

Municipalities are entitled to a share of Provincial revenues in the following
areas |

1 point of personal income tax

1 point of corporate income tax

6% of sales tax

6% of various natural resource revenues

gasoline and related fuel taxes, natural gas, mineral revenues,
forest revenues, land rentals, water sales,

Revenue sharing grants are either:

Conditional - These grants must be applied for and are targeted
to specific purposes usually capital projects.

Unconditional - These grants are received without application
and can be used by Council for any purpose.

The City's share of these unconditional revenue sharing grants is as follows :

1985 $1,054,452
1986 | $1,112,269
1987 «$1,177,312
1986 $1,194,487
1989. $1,338,702
1990 | $1,602,694
1991 $1,694,116
1992 $1,542,755
1993 $1,553,558
1994 $1,550,000

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