Council Talks Taxes Tonight
By 250 News
Monday, May 10, 2010 04:00 AM
Prince George, B.C. - Tonight, Prince George City Council will set the tax rate for municipal taxes as well as determine what share of the tax burden will be carried by the different sectors.
Staff and the Finance and Audit Committee examined eleven different options and are recommending Council approve the option which will raise residential taxes by 4.48% meaning home owners will pay $7.7103 dollars for each thousand dollars of assessment. The report to Council suggests that will mean the average home owner can expect to see their taxes increase by about $72.00.
The big change in this formula would see the tax burden reduced for major industry. Canfor has already been appealing its taxes for last year, a decision on that appeal has yet to be made. Under the proposal to go to Council, Major Industry would see a drop in taxes ranging from -25.77% to -1.6% .
Also on the agenda for this evening, Council will be asked to increase the fees associated with the Prince George Cemetery. Everything from plots to installation of markers would be boosted to ensure the cemetery operations are paid for by revenue generated.
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