Financial Matters:
As outlined in Appendix D – Summary Distribution of Tax, the total amount of taxes to be cancelled herein is $145,775.32 with the municipal share being $106,099.27 and the education share being $39,676.05. The municipal portion will be charged to the current year’s provision for tax write-offs. There are sufficient funds available for this purpose. The education share will be recovered by way of a charge back to the Province.
Consultations:
The Municipal Property Assessment Corporation (MPAC) provides the City with the assessed values relating to the applications for tax adjustments and confirms that tax class change requests are indeed appropriate.
Conclusion:
Administration is generally in support of the applications brought forward by ratepayers for the requested tax relief. Where a denial is being recommended, the reasons for the denial have been provided.
Planning Act Matters:
Approvals:
| Name | Title |
|---|---|
| Carolyn Nelson | Manager Property Administration Valuation& |
| Janice Guthrie | Deputy Treasurer Taxation & Financial Projects |
| Joe Manicina | Chief Financial Officer / City Treasurer andCorporate Leader Finance andTechnology |
| Onorio Colucci | Chief Administrative Officer |
Notifications:
Name | Address | |
Appendices: