Clarification Regarding Inheritance Payment
Siksika Nation Chief and Council wish to clarify how funding was found for the 2019 Inheritance Payout that will be given to members on December 18-19, 2019.
There was an initial motion that was made and approved on August 6, 2019 to obtain a loan of $10 million. A $4 million portion would have been used for the inheritance payment. The remaining $6 million would have been used from capital projects and immediate needs for the Nation.
Chief & Council withdrew that motion on October 7, 2019 once Siksika Treasury identified revenue from the 2016 Castle Mountain Settlement to use for the inheritance payment.
Siksika Leadership is currently awaiting the Treasury Board’s recommendation on a potential loan for capital projects, programs and services needed for the Nation.
For more information or clarification, please contact the office of Chief and Council at 734-5109.