Tax Rate Bylaw to be discussed on Tuesday

City Council is being presented three options from city staff on Tuesday that will determine the Tax Rate Bylaw.

The options come after the city reviewed Dr. Stan Hamilton’s recommendations on the City’s tax ratios.

Option one is the city’s tax ratios remain the same for 2009. Option two says the Parcel Tax will be collected as part of the property taxes, and Option three states the tax ratio for light industry will be reduced and the taxes would be shifted to residential properties.

The report says choosing one option over another will not change the total amount of taxes collected.

Now, Council doesn’t have to make a final decision at Tuesday’s meeting. However, the Tax Rate Bylaw must be adopted by May 15th.

To see the report being presented to council, Click Here