HomeMy WebLinkAboutTR 16/98�� j
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� REPORT TO CO
, , UNCIL
FROM: (3iWs A. Paterson DATE: May 6.1996
Director ofFinance
REPORT NUMBER: TR 16/98
SUBlECT': 1998 Final l.evy Due Dates
RECOMMENDATION:
That Report �TR 16/98 be received; und
That By-law 5183/97 to eslablish Instalment Due Dates for the 1998 Tnterim and Final I.evy be
amended by deleting the Finnl Tex Notice due dates ofJune 25,1998 end Septembc� 25, 1998.
ORIGM: DirectorofFinance
AiJT'HORITY: Municipal Act, RS.O. 1990, ns umetided.
FINANCIAL IMPLICATTONS:
None in of itself, however, later due dates will adversely afTcet interest income in 1998,
EXECUTIVE SUMMARY: n/a
BACKGROUND:
On Decembcr 22, 1997, Report Numbcr TR 27/97 regarding 1998 Interim Levy, Tax Instnlment
Due Dates and Imposition of Pemlry anJ Intercst for 1Jon-Payment of Ta�ces, wns fonvarded to
Cowcil for consideration and approvel. Attechcd to this rcport was By-luw N5183/97 which sct
the Interim end Final Tax Notice due dates.
At i}tis tune, we ere asking Council's approval to emend By-lew #5183/97 to dcktc thc Finel Tax
Notice dua dates of]une 25,1998 end Septemlxr 25, I998. Due to the uncertainty of thc efTects
of Provincinl downloading, the late retum of the Assessment Ro�, which is expected at thc end af
June, and the extension of the appeal period to the end of July, it is not possible to mcet thcsc
fu�al due dates.
Once we ere awarc of our Smncinl position ard budgets havc bcen approved, wc will again
approach Council with proposed 6nnl instalment due dates.
ATTACHMENTS:
I. Report Number TR 27/97.
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??i�, �S�S" i5 Y 1 �, lT � r.. s� t �� ,.,
�;o� i-�� r�, Reponto�Coimcil'TR ,, May6, t998 .'�
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} � Subjoct 1998 Finel I.ovy 1}ae Data � �_. Pagc 2
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'. Prcnered BY -. +APtrcoved By; .
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l�i,lr(xe_. liia.,,,.��. 1
Debbic Kearnv _. DQector of Finance
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Altachments
Copy: General Maneger _
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