Sidney to debate industrial tax rate in its 2014 budget

Local industry pushing for change, town putting off making any decisions until budget discussions begin

Sidney is putting off making any decisions about its light industrial tax rate until budget discussions begin late this year.

Following a series of meetings earlier this year with the owners of industrial companies in west Sidney who have been seeking concessions in the tax rate, Town council asked staff for its input on potential changes to their taxation policy. Director of Corporate Services Andrew Hicik advised there are two options to consider in the industrial properties request: shift the tax burden to the residential class or reduce spending and services.

Council, at their Nov. 13 audit and finance committee meeting, unanimously voted to stick with the Town’s current tax policy and make no changes to tax rates to accommodate the industrial sector.

At the Nov. 25 regular meeting, however, that decision was not upheld and the entire issue moved to budget talks.

Mayor Larry Cross said that discussion should occur during the Town’s budget process — a decision any earlier he said would tie council’s hands when trying to lay out the municipality’s finances for the next year.

Cross added at some point council will make a decision on its tax impact on both the industrial sector and its residents, saying it won’t be easy.

“It’s not playing it safe at all (putting off a decision now),” he said. “You’ll have to pay the piper eventually.”

During a recent tour of industry hosted by the Saanich Peninsula Chamber of Commerce, companies on the tour listed business taxation in the region as a top barrier to further success.

 

Just Posted

Canada Women’s Rugby 7s Team land at home after series triumph

Next stop at Langford offers Olympic qualification

Two-sailing waits continue Victoria to Tsawwassen

Backlog continues despite extra sailings over Easter

PHOTOS: Green Party Leader Elizabeth May says ‘I do’ on Earth Day

May and John Kidder got married Monday morning in Victoria

Second earthquake in less than two hours strikes off Vancouver Island

The first earthquake happened at 1:27 p.m., the second at 2:44 p.m.

Saanich soccer player survives bout with flesh eating disease

Harinder Sandhu picked up the disease after soccer game

Homeless activists outside Notre Dame demand ‘a roof too’

Wealthy people have donated millions to effort to rebuild cathedral after devastating fire

United Way opens grants to help charities tackle social issues

Charities north of the Malahat can apply for grants $2,000 to $20,000

POLL: How often does your family use BC Ferries?

Navigating the lineups for BC Ferries is a way of life for… Continue reading

Crime Stoppers most wanted for Greater Victoria for the week of April 16

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

Sri Lanka invokes war-time military powers after nearly 300 killed in Easter bombings

Sri Lanka’s minister of tourism says 39 foreign tourists were killed in the Easter Sunday attacks

Man’s body found in popular Cowichan Valley hiking area

Police say death not suspicious after discovery in Stoney Hill area overlooking Saltspring Island

Multiple sailing waits as BC Ferries deals with Easter Monday traffic

89 extra sailings had been added to the long weekend schedule

Vancouver Island-based company provides glass alternatives to plastic straws

Enviro Glass Straws now producing more than 60,000 straws each year

Most Read