DBIA Gets Green Light for Attempt At New Tax Bylaw
By 250 News
Monday, December 14, 2009 07:24 PM
Prince George, B.C.- For the second time in a year, the Downtown Business Improvement Association has appeared before City Council asking for support for a special tax levy for properties with a C1 zoning in the downtown . This bylaw, if approved, would be for a three year term.
The presentation made to Council included a budget based on $200 thousand dollars collected through a levy and a further $37 thousand in revenue from events. What is missing from the presentation is the amount each property owner will be expected to pay per thousand dollars of assessment. No one on Council asked how much the levy would be. The report indicates the levy will be capped at a maximum of $10 thousand dollars.
The new boundary follows the Smart Growth on the Ground definition of C1 properties in downtown. It means that there will be a special tax levied against 247 C1 properties in the downtown, as opposed to the previous bylaw which collected the levy from 212 properties.
Of the expected revenue, the DBIA proposes to spend $108 thousand on wages and benefits as it plans to hire an executive director, $40 thousand on the Clean and Safe Program, $35 thousand on events and marketing, and $27,500 on the annual flower basket campaign. The balance of the dollars raised would be spent on office expenses, rent, meeting costs and consulting fees.
The DBIA President, Kirk Gable, requested Council approve the reverse petition method to support the bylaw and Council approved that request. That means in order to quash the levy, there would have to be registered opposition from at least 50% of the property owners, representing at least 50% of the assessed property values.
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