Wednesday, April 25, 2007

Utility Tax Rate Reviewed

(Pete McIntyre) http://www.1075kiss.com/news/headlines/

Vernon's tax rate for 2007 will be decided at a special meeting of city council tomorrow. Council is considering a proposal that would increase the rate utility companies pay. Up until now, Vernon’s rate has been much lower than other cities with power transmission centres. Councillor Pat Cochrane has some concerns. 'We've more than doubled the utility rate in one year, I think that's a substantial increase ans sure its easy to say they can afford it but somebody - somewhere still has to pay for it.' Councillor Patrick Nicol is upset that under the plan, all of the increased revenue would go towards businesses, instead of the residential taxpayer.

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