Tax Loss Compensation Fund

Res #: 27-24A
Number: 27
Year: 2024
Midterm: No
Expired: No
Responses Received: No
Departments: Crown - Indigenous Relations and Northern Affairs Canada

WHEREAS the Rural Municipal Tax Loss Compensation Trust Fund was established by the federal and provincial governments to compensate rural municipalities for lost tax revenues resulting from lands situated within a rural municipality being set apart as reserve under the Treaty Land Entitlement (TLE) and Specific Land Claims order.

WHEREAS the Tax Loss Compensation Trust Fund final payments to some rural municipalities occurred in 2023.

WHEREAS these rural municipalities continue to maintain existing infrastructure with ZERO compensation for wages, equipment or aggregate.

BE IT RESOLVED that SARM enter into negotiations with the provincial and federal governments to create a sustainable compensation fund for which rural municipalities may receive the funds they require.