The city had a special meeting to deal with Bylaw 1997 – the Tax Rates bylaw. This was on Monday, May 5th at 1PM at the temporary city hall location at Roxul.
This is a Staff Recommendation that is a Request For Decision. Staff gives them 3 choices
Option 1 – Same distribution of taxes as 2013 but the overall taxes increases by 2%.
Option 2 – (this is the one that staff recommends) This one also increase the taxes by 2% BUT sees Major Industry paying a little less. Which means that commercial and residential would shoulder a bit more.
Option 3 – do nothing and change nothing so that it is the same as last year.
The discussion revolved around the support that heavy industry has gotten from the community over the years plus both of the companies are enjoying a bit of a boom time.
So which did council pick? Why they picked option 1. Watch below and you’ll see how they determined that.