News Release
HRM, CBRM to Oppose Bill #40
(Thursday, May 13/2004)-- Halifax Regional Municipality and Cape Breton Regional Municipality will make a joint presentation to the Legislature's law Amendments Committee tomorrow regarding proposed changes to the provincial Assessment Act.
Bill 40 proposes to cap residential assessments using the 2001/02 assessment as a base, as a means to provide relief to low income taxpayers in areas of rapidly rising assessments. The Union of Nova Scotia Municipalities is opposed to this Bill, and HRM and CBRM share their concerns.
HRM and CBRM believe that Bill 40 will not achieve the stated desired objective of providing property tax relief to low and middle income home owners in areas of rapidly rising assessments and, in fact, will make the taxation system less equitable for lower and middle income taxpayers. HRM and CBRM are jointly committed to providing some options as a solution to help address this situation.
Mayor Peter Kelly and Mayor John Morgan will make the joint presentation before the committee.
When: Friday, May 14, 2004
Time: 9:30 a.m.
Where: Red Chamber, Province House
-30--
Mayor Peter Kelly
(902) 490-4010
Mayor John Morgan
Cape Breton Regional Municipality
(902) 563-5000
