HOME > MINUTES > January 27, 2009 > January 22, 2009
Special Meeting
Town Council of the Town of
Cormack
2009 Municipal Budget and Tax Structure
January 27, 2009
Meeting Called to Order by Mayor Warwick Hewitt.
Present:
Mayor Warwick Hewitt
Councillor Melvin Rideout
Councillor Aubrey Chaffey
Deputy Mayor Anthony Alexander
Town Clerk/Manager Cynthia Fry
Assistant to the Clerk Tracey Hewitt
The Purpose of the Meeting was to Resolve the 2009 Municipal Tax Structure and the 2009 Municipal Budget.
Resolution SM009- 001 Rideout/Alexander 4 for, 0 opposed, carried
The 2009 Municipal Budget
Revenue:
Taxes
$ 243,358.00
Sales
of Goods and Services
140,845.00
Other
Revenue from Own Sources
13,200.00
Government Transfers
82,460.00
TOTAL
REVENUES
$ 479 863.00
Expenditure:
General
Government
$ 108,548.00
Protective Services
16,740.00
Transportation Services
138,942.00
Environmental Health
22,930.00
Planning and Development
52,500.00
Recreation and Cultural Services
15,210.00
Fiscal
Services
124,993.00
$
479 863.00
Resolution
SM009-002
Alexander/Chaffey
4 for, 0 opposed, carried
2009 Municipal Tax Schedule
Cat. Example given
Tax Rate
1
home based business
$ 125
2
retail with gas
13.00 mills
3
tourism, housekeeping units, markets
3.50 mills
4
manufacturing
6.00 mills
5
contracting, equipment hire, trucking
12.50 mills
6
sawmills, auto wreckage, salvage yards, garages
12.50 mills
7
agricultural
5.50
mills
8
processors
14.00 mills
9
other
11.00 mills
10 retail without gas
11.00 mills
11 gross revenue/no
fixed place of business
4.00 mills
12 mineral workings
10.00 mills
13 commercial logging
operations
$ 250
Categories 2 to 12 Minimum Business Tax
$ 250
Property Tax (Residential and Business)
7.00 mills
Minimum Property Tax
$ 280
Minimum Business Property Tax
$ 280
Poll Tax
$ 240
Utility Tax (Based on Gross Revenue)
2.5 percent
2.
Terms and Payment Provisions
Resolution SM009-003 Alexander/Chaffey 4 for, 0 opposed, carried.
The due date for all taxes levied by
the Town of Cormack is March 31, 2009 after which date the unpaid balances are
in arrears and subject to interest charges of 9.75 % annual rate to be applied
monthly. The town will provide a
discount of 5% on 2009 Property Tax, Business Tax (excluding the Utility Tax)
and Poll Tax up to and including March 13, 2009.
A payment plan can be arranged with the town with the following
stipulations:
- the plan must be in place with the
town by March 31, 2009
- payments must be no less than the minimum of equal payments made over the period of the plan
- payments must be received in each of
the months, failure to receive payment will result in cancellation of the
payment plan
- upon final payment, and all terms and conditions being met, the interest charges accumulated against the current year’s tax account will be written off (from the start of payment plan).
Meeting
adjourned.
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