Thank you, Mr. Chairman. The grants-in-lieu of property tax policy provides that because the GNWT does not pay property tax, this provides a grant to the tax-based communities in lieu of property taxes. Under the New Deal, as we propose to make more communities responsible under legislation for property taxation, the department is going to have to look at this policy and revise and update it. Right now, the policy is very specific about what categories of property are eligible and what communities are eligible. So that will be phase two of the New Deal as we look to expanding property taxation authority. The Member is absolutely right; this policy will need to be looked at and updated.
What you see in the budget now is just for status quo existing policy for the six tax-based communities.