Visitors Guide
City studying combining business and realty tax
July 25, 2006
The city of St. John's will be spending an estimated $40,000 on a study combining business and realty tax. Essentially, the city wants to shift the burden of tax collection to the owners of the building, rather than the city trying to collect business tax from each individual business.
Such ideas have usually met with criticism from the local business community, and the Board of Trade has suggested the city fund a study of the proposal. Councillor Gerry Colbert wanted council to agree to live with the study's conclusions. Deputy Mayor Dennis O'Keefe says the study should be split 50/50, not fully funded by council, but Councillor Art Puddister feels it's worth it.
Comments
