2009-04-21 06:01:04
It's a status quo budget for the Region of Queens Municipality as far as tax rates.. Mayor John Leefe says Council was able to hold the line on residental rates at 88 cents per 100 dollars of assessemnt for Districts 1 to 12. Tax rates for Liverpool also remain unchanged at $1.85 per $100 of assessment. Commercial rates are going up in all districts by 8 cents due to the phase out of the Business Occupancy Assessment. Leefe says the greatest challenge for the Region will come into play next year with the loss of 1.6 million in revenue from the Nova Scotia Power Corporation grant. Leefe says the implementation won't take effect till the next fiscal year, April 1st, 2010. A number of other municipal units will also be affected by the province wide re-evaluation of Nova Scotia Power properties.
