FREDERICTON (GNB) – Discussions between the provincial government and Wolastoqey First Nation communities are ongoing in an effort to decide a funding model to utilize carbon tax revenues.
“Back in April 2020 when the government introduced a Made-in New Brunswick carbon tax, it provided funding to First Nations communities of about $4.6 million due to the reduction of the Gasoline and Motive Fuel tax rates,” said Finance and Treasury Board Minister Ernie Steeves. “However, this was a temporary solution and now the government is looking for a new funding model to utilize carbon tax revenues for all First Nation communities.”
The provincial government expects to receive a collective proposal from First Nation chiefs detailing how this funding could be used as an economic development fund for all First Nation communities following the principles of equity and need. The carbon tax revenues for 2021-22 for First Nation communities could represent up to $9 million should the province decide to adopt the rates of the federal schedule at $40 per ton for 2021-22.
“These discussions are important for the government, and we are ready to listen to any proposal First Nation chiefs have about a new funding model for carbon tax revenues,” said Steeves. “The government is committed to working in close partnership with all First Nation communities as we all want to improve the quality of life of First Nation peoples in New Brunswick.”
17-02-21