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Business & Economics

Province reinstates 75 per cent funding for property tax grant payment program

calgaryherald
Summary
Nutrition label

63% Informative

Provincially owned buildings are exempt from paying property taxes in Alberta .

The province’s 2025 budget will increase funding for the Grants in Place of Taxes ( GIPOT ) program from $38 million to $55 million .

GIPOT is a discretionary grant program that enables the Alberta government to compensate municipalities for that lost revenue.

VR Score

76

Informative language

81

Neutral language

54

Article tone

semi-formal

Language

English

Language complexity

59

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources