‘Status quo’ when it comes to tax ratios in West Nipissing
(Rocco Frangione, MyWestNipissingNow.com staff)
It’s status quo when it comes to the tax ratios in the 2020 budget for West Nipissing.
“After a roundtable discussion, council opted to keep it the same this year,” Mayor Joanne Savage explained. “Recommendations from staff are we understand pertaining to financial hardship regarding COVID-19 and the impact it has on everyone within the municipality.”
Budget talks can get complicated, but Savage says tax ratios are an important discussion they need to have in order to set apart different sectors.
“Tax ratios are for different classes, and that is required to be able to establish our tax rate so they can identify exactly the amount of taxes that will be required pertaining to the different classes,” she said.
According to Savage, the different classes include residential, multi-residential, commercial, industrial and farmland.
“The province does provide us with guidelines on exactly what we can do with the different classes and there are some restrictions as well,” Savage explained. “If you lower the multi-residential and commercial tax ratios, you do not have the capability at a subsequent year to increase it.”
“There were questions that had been asked previously on what the impact would be if we lowered one class towards the other classes because at the end of the day you still need to capture the same amount of dollars according to the budget,” she added. “If you lower one class than you have to increase the other classes to be able to get the same amount of money.”
Savage says because there have been no changes, administration has been provided direction and will be able to send out the tax bills soon.