City council has adopted the recommendation of administration when it comes to the Tax Policy Report.
Director of Revenue for the city, Kathleen Cannon and her team made the push ahead of Monday’s council meeting to go with the first choice, which she said is more in line with the long term tax strategy ratified by council in 2019.
The strategy looked at reducing tax ratios for multi-residential, commercial and large industrial classes, while enhancing long term financial stability in effort to achieve greater fairness and relative competitiveness overall.
Cannon noted for 2021, the Municipal Property Assessment Corporation, (MPAC) re-assessment was postponed which means if your property is worth $200,000 in 2021 it will be worth the same amount in 2022.
Thunder Bay city administration projecting budget surplus of $3M cbc.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cbc.ca Daily Mail and Mail on Sunday newspapers.
The levy for the Thunder Bay District Social Services Administration Board is $167,800 lower than expected
Council reduced the hit to the stabilization reserve fund by $1,534,200 to fund the $8.7 million COVID impact (that includes recognizing $1.24 million in 2021 Safe Restart funding)
Insurance costs are $234,400 less than estimated
$138,400 increase for Canada Pension Plan/Employment Insurance costs
$149,400 in reduced debenture interest, MPAC levy, Community Youth & Culture Funding Program ongoing
$30,000 removed for Victoriaville budget for duct cleaning
$15,000 addition to each organization: Thunder Bay and Area Food Strategy, Poverty Reduction Strategy and Age Friendly Thunder Bay
$30,000 reduction in Victoria Avenue BIA contribution
$67,900 removal of proposed transit fee increases
Today at 11:30am
The majority of Arlington homeowners will face higher property taxes, after the County Board approved a budget that holds the property tax rate steady.
The Fiscal Year 2022 budget includes $1.4 billion in spending, a 3.5% increase from last year’s budget. Of that, $530 million will go to Arlington Public Schools, which will pass its final budget next month.
Earlier this year County Manager Mark Schwartz proposed a budget that would have only boosted spending by 1.4%, calling it a “transition budget” appropriate for the challenges presented by the pandemic.
The new county budget includes millions in additional expenditures, thanks to higher-than-expected business tax revenue and an expected $46 million in federal funding for Arlington’s local COVID-19 response from the American Rescue Plan, to be split between this year’s and next year’s budgets.
EDMONTON With time winding down on the Edmonton Convention Centre s (ECC) use as a temporary shelter, as well as other large scale accommodations for the city s vulnerable population, plans for next steps are underway. The temporary shelter at the ECC, known as Tipinawâw, is due to close April 30. In collaboration with Alberta Health Services, Homeward Trust, and Alberta s Community and Social Service, the City of Edmonton will work to transition people from a small number of large shelters, like the ECC s Tipinawâw shelter, to several smaller facilities dispersed across the city. In a news release, the city said that approach helps to limit potential for large outbreaks and allows for services to be tailored at each location.