Tuesday, April 29, 2008

Businesses face "extreme" tax increase

107.5 KISSFM Pete McIntyre

The city of Vernon's new budget has been approved--- but not without some opposition. Councillor Pat Cochrane voted against it over concerns about the impact to the commercial taxpayers. Cochrane tells KISS FM, "It's in the range of 12 percent and I consider that an extreme increase and I think that's wrong. "I think we should have taken steps to find a way to get the commercial increase down to a closer percentage increase to the residential increase." Councillor Barry Beardsell also voted against the new budget. For residential taxpayers, the increase is 2.04 percent which works out to an extra $16.39 dollars for the average homeowner (assesed value of $418,000). Mayor Wayne Lippert says the increase is needed to improve infrastructure like roads and sewer.

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Don Quixote Note: The 2.04% increase does not include the fire tax which will bring the City's portion of municipal taxes up to 3.64%.

Contrary to the Mayor's assertion that the increase is for 'sewer', this increase has nothing to do with the increases that will be coming to your sewer rates. The sewer portion of your quarterly payments to the City are a utility charge and are billed separately from taxes.

2 comments:

Anonymous said...

The general tax rate has nothing to do with"sewer" Once again Flippert does not understand and makes the most foolish of comments.

Anonymous said...

Lippert says alot of things,but none of them make sense. It looks like his advisor must be one of a kind!