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City council passed a bylaw authorizing Cold Lake ratepayers to defer their property tax payments for the months of May, June and July to help ease the financial pressure on families and businesses caused by the COVID-19 pandemic.
“We know 2021 continues to be a tough time financially for our residents and businesses, and this council is committed to doing what we can to help ease that financial pressure,” said Mayor Craig Copeland in an Apr. 29 news release.
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City extends tax payment deferral to ease COVID-19 pressure
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City extends tax payment deferral to ease COVID-19 pressure
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City extends tax payment deferral to ease COVID-19 pressure
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Cold Lake City Council says it has passed a bylaw authorizing Cold Lake ratepayers to defer their property tax payments for the months of May, June and July, 2021, to help ease the financial pressure on families and businesses caused by the COVID-19 pandemic.
Similar bylaws were passed in the spring of 2020, and for the months of February, March and April, 2021, for which the City received positive feedback from residents and business owners. A combined 61 families and businesses took advantage of the previous two deferral periods.
“We know 2021 continues to be a tough time financially for our residents and businesses, and this council is committed to doing what we can to help ease that financial pressure,” said Mayor Craig Copeland. “We are now well into our second year of COVID-19 and recently the Government of Alberta has tightened restrictions once again. With variants of concern sprea
Author of the article: Lindsay Morey
Publishing date: Mar 05, 2021 • March 5, 2021 • 2 minute read • During the regular council meeting on March 2, council unanimously supported Mayor Rod Frank s motion for administration to provide a report on the feasibility, costs, impacts, and options for creating program for tax and utility bill deferrals for 2021. Lindsay Morey/News Staff
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A second round of deferrals for municipal taxes and utility bills might be a possibility for 2021.
In response to the economic collapse due to COVID-19, Strathcona County council quickly passed tax and utility deferrals to help alleviate financial pressure on residents and businesses in 2020, and now, that help might be on the table this year.