It’s been a pretty rewarding five years to be tax payer in Port Edward, in that time span the District’s government has held the line on tax increases refusing to pass along the cost of the district’s operations to its tax base.
However, all good things they say will come to an end and so it is with the string of years of no increases. With this years budget, Port Ed residents will be looking at a slight increase on this year’s tax bill.
Five per cent is the operating number that Port Ed council has agreed on, the details of which could be found in Thursday’s Daily News.
Port Ed residents to pay a little more
Property taxes are set to rise slightly for first time in more than five years
By Patrick Witwicki
The Daily News
Thursday, May 22, 2008
Pages one and three
For the first time in more than five years, Port Edward residents will see a slight increase in their taxes this year.
The district of Port Edward approved the final reading of its five year financial plan, which included the tax-rate on homes and businesses.
Despite the difficulty of the area’s economy during the past decade, including the loss of revenue from the defunct Skeena Cellulose pulp mill, the District of Port Edward had managed to tow the line, aware that their residents would be in just as much difficulty as the rest of the region.
But council finally had to take action this year, and while they haven’t proposed a percentage increase on residential taxes, they have left the mill rate alone, meaning the majority of Port Edward residents will see a small increase on what they owe in taxes this year.
“It’s unchanged from last year,” said Chief Administrative Officer Ron Bedard. “So (at 5.0 per cent) that’s $5 per every thousand dollars.”
The majority of homes in Port Edward have also seen an increase in their assessed value, so that will also cause taxes to increase. But unlike the city of Prince Rupert that tacked on an additional four percent for the 2008 taxation year, Port Edward will remain with the same rate as of 2007, aside from the mill rate.
According to the letter that Mayor Dave MacDonald sent to all of the Port Edward residents on April 23, by using the current mill rate, the budget is calling for an additional municipal tax contribution from the average home of $100.
“As a council, we are concerned about increasing taxes, but we cannot hold the status quo any longer,” said MacDonald.
The five-year financial plan report stated that the district has budgeted on a predicted revenue of $2,300,444 while the district believes expenditures will wind up being $2,238,431. that leaves a potential surplus of $61.613.
However, all good things they say will come to an end and so it is with the string of years of no increases. With this years budget, Port Ed residents will be looking at a slight increase on this year’s tax bill.
Five per cent is the operating number that Port Ed council has agreed on, the details of which could be found in Thursday’s Daily News.
Port Ed residents to pay a little more
Property taxes are set to rise slightly for first time in more than five years
By Patrick Witwicki
The Daily News
Thursday, May 22, 2008
Pages one and three
For the first time in more than five years, Port Edward residents will see a slight increase in their taxes this year.
The district of Port Edward approved the final reading of its five year financial plan, which included the tax-rate on homes and businesses.
Despite the difficulty of the area’s economy during the past decade, including the loss of revenue from the defunct Skeena Cellulose pulp mill, the District of Port Edward had managed to tow the line, aware that their residents would be in just as much difficulty as the rest of the region.
But council finally had to take action this year, and while they haven’t proposed a percentage increase on residential taxes, they have left the mill rate alone, meaning the majority of Port Edward residents will see a small increase on what they owe in taxes this year.
“It’s unchanged from last year,” said Chief Administrative Officer Ron Bedard. “So (at 5.0 per cent) that’s $5 per every thousand dollars.”
The majority of homes in Port Edward have also seen an increase in their assessed value, so that will also cause taxes to increase. But unlike the city of Prince Rupert that tacked on an additional four percent for the 2008 taxation year, Port Edward will remain with the same rate as of 2007, aside from the mill rate.
According to the letter that Mayor Dave MacDonald sent to all of the Port Edward residents on April 23, by using the current mill rate, the budget is calling for an additional municipal tax contribution from the average home of $100.
“As a council, we are concerned about increasing taxes, but we cannot hold the status quo any longer,” said MacDonald.
The five-year financial plan report stated that the district has budgeted on a predicted revenue of $2,300,444 while the district believes expenditures will wind up being $2,238,431. that leaves a potential surplus of $61.613.
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