More than $1.2 million will flow into Coquitlam and Port Coquitlam city coffers this month to pay for provincial institutions using municipal services.
Coquitlam will receive a grant-in-lieu of property taxes totalling $447,159 for the Forensic Psychiatric Institute on Colony Farm Road while PoCo will get $650,252 for the North Fraser Pretrial on Kingsway Avenue plus $167,361 for the provincial courthouse on Mary Hill Road.
The grants go to cover such costs as sewers, roads and fire protection, for example.
This month, the provincial government will pay nearly $16 million in grants-in-lieu to municipalities around the province — the same amount it would pay in municipal property taxes; payments are based on the municipality's tax rate and the assessed property values.
Schools and hospitals are excluded from paying the property taxes and are not part of the grants-in-lieu calculation.
