NEWS City’s $720,000 tax loss takes shine off $1.6M bonus
RE/MAX CORNWALL REALTY INC.
REAL ESTATE BROKERAGE • INDEPENDENTLY OWNED & OPERATED
649 Second St. East, Cornwall ON Office: 613 938-8100 www.REMAX-CORNWALL.ca
Councillor Andre Rivette about a possible tax freeze. “So we do have other ite m s co m ing for- ward that are also going to be a challenge to finish this y ear.” Ada m s told council last Tuesda y night, that the cit y can enjo y a $1.6- m illion wind- fall due to funding require m ent changes in the Ontario Disabilit y Support progra m which has been full y uploaded b y the prov- ince. “So we expect to be on budget b y the end of the y ear, but right now we’re not anticipating a reall y big surplus, nor are we expecting a big deficit. We are hoping to be basicall y on budget.” While ad m inistration was aware the pro- gra m was being uploaded, the cit y onl y recentl y received
City councillors were in a celebratory mood after learning the city will avoid a projected $600,000-plus deficit thanks to a $1.6 million windfall. That celebration m ight be short lived. The Journal learned last Wednesda y that the cit y will forfeit $720,000 in taxes after a successful appeal of its assess m ent b y Nav Canada which operates a training facilit y and conference centre in the cit y ’s east end. Maureen Ada m s, the cit y ’s general m an- ager of financial services, issued a press re-
Cornwall • $234,900
MLS J1158
RENOVATED FROM TOP TO BOTTOM!
This 1,300 sq. ft., 3+1-bedroom home is move-in ready! Main floors are hardwood & ceramic with laminate & ceramic in the finished basement. Oversized double garage for your cars and your toys! All of this and more on an oversized lot in a well-established Cornwall neighbourhood. Must be seen!
Anne MacDonald Broker Dir 613 525-1130
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lease Wednesda y af- ternoon detailing the tax loss in response to inquiries after The Journal broke the news stor y on its par- ent website www. editionap.ca.. “Earlier this m orn- ing, m inutes of settle- m ent under Section 40 of the assess m ent
Cornwall • $263,000
Cornwall • $650,000
MLS J1630
MLS J2782
written confir m ation fro m the province that the $1.6- m illion pa ym ent was not re- quired, Ada m s said in response to a ques- tion fro m Councillor Bernadette Cle m ent. “We’ve received confir m ation fro m the province and
“As a result of these changes in assessment, there will be a write off for the municipal portion of taxes of approxi- mately $720,000 in total for these three years.”
381 ELLEN Markell built raised bungalow - 3 + 1 bedrooms, 2 full bathrooms, large rec room with gas fireplace, double attached garage, paved driveway, and private basement entrance for In-Law Suite.
6400 LE DOMAINE RD Estate setting, ONE OF A KIND large bungalow, 3 bedrooms, 2+1 bathroom, e x tra large double garage, and so much more. A MUST SEE! !
Cornwall • $169,000
Cornwall • $329,000
MLS J2858
MLS J2742
act were signed b y the Cit y of Cornwall, MPAC and NAV Canada for changes in the assessed value of the NAV Canada propert y for 2010, 2011 and 2012,” Ada m s wrote. “As a result of these changes in assess- m ent, there will be a write off for the m u- nicipal portion of taxes of approxi m atel y $720,000 in total for these three y ears.” “Although there were appeals filed for these three y ears, the corporation did not anticipate a change in assess m ent of this m agnitude. This write off was not included in the 2012 budget for the corporation.” Ada m s had hinted at last Tuesda y night’s council m eeting that there was so m e bad news co m ing to te m per news of the wind- fall to eli m inate the deficit. “We have so m e additional m one y we’re going to lose in a tax assess m ent appeal,” she warned in response to a question b y
have done our own final reconciliation and there are so m e a m ount s that we set aside that we thought would be potentiall y go- ing to the province,” Ada m s told council. “We had confir m ation that the y are not.” “So recognition of that does provide a fair a m ount of relief to the deficit position we were showing a couple of m eetings ago.” Councillor David Murph y welco m ed the good financial news, but was rankled that just a few weeks ago ad m inistration was predicting a deficit of as m uch as $650,000. “There was a sense of panic when we got that second-quarter report, not onl y at this table but in the co mm unit y ,” Murph y told Ada m s. “I think it would have been nice to know that that was down the road and a possibilit y and I don’t think that was m ade clear and m a y be that’s our fault for not m ak- ing that clear to the residents of the cit y .”
Reina Leroux Sales representative Dir 613 551-1360
710 COTTON MILL ST. • START LIVING 1800 SQ. FT OF LIVING SPACE 3 bedrooms, 2 full bathrooms, den or media room. Corner unit with lot of natural light, covered balcony, underground parking, close to all amenities.
1413 JOYCE ST. • DESIRABLE RIVERDALE! Great starter home in desirable Riverdale. Back split with 3 bedrooms, 1 bathroom, hardwood floors, finished rec room, large lot. COME VISIT.
Cornwall • $121,900
St. Raphael’s Willia m stown • $94,900
MLS J1458
Robert (Bob) Denis Sales representative Dir 613 551-2323
3 bdrm bungalow with garage, fenced yard, home as some hardwood and full rec room with corner gas fireplace and 2 bathrooms, gas forced air, newer windows and more. Have to take a look ! 403 EASTON AVENUE
5-bedroom house with master bedroom & ensuite on the main floor. Large eat-in kitchen with island, hardwood floors on both floors and large garage. ST. RAPHAEL’S 20067 COUNTY RD. 18
Cornwall • $151,900
MLS J3028
Lancaster • $104,900
MLS J3164
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COUPON-RABAIS 100 $
Bernadette Atchison Sales representative Dir 613 551-7579
Four bedroom home with updated kitchen and plenty of room for a growing family. Right in the heart of Lancaster with a large lot, 104 x 104, 2 sheds, back deck and gazebo. Completely fenced in. Four appliances included. 21 THOMAS ST., LANCASTER
155 ELSIE
2+2 bedrooms, carpetless throughout, updated and modern kitchen and 2 4-piece baths, attached garage and fenced-in backyard and deck. Call today 613 551-7579!
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Cornwall • $184,900
MLS J2167
Cornwall • $304,900
MLS J2338
Jacques Perreault Broker Dir 613 551-1793
This listing gives you so much for the price. It has four finished levels, lots of hardwood and ceramic floors, a garage and rear deck with awning. You’ll fall in love so hurry before someone else does! 108 HEMLOCK CRES.
Ready for move-in ready? Then this is the home for you! It has 4 bedrooms, large L-shaped living/ dining, huge family room and great basement which has just been refinished, it’s suited to great family living and entertaining. 1620 GRANT AVE., CORNWALL
711, P ITT , C ORNWALL 613 932-2584
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