In an effort to get ahead on their 2022 Budget, Terrace Council has approved the transfer of unused funds from one fund to another.
Top-up funding of 545 thousand dollars was provided for the Community Works Fund in mid-August, but has gone unused.
As a result, to allow better use of the funds, Council has decided to transfer the funding to next year’s Community Works Gas Tax Reserve, to help with the 2022 Budget.
The Community Works Gas Tax Fund has been used to fund local infrastructure projects for the past 17 years.
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