NEWS City’s $720,000 tax loss takes shine off $1.6M bonus
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Councillor Andre Rivette about a possible tax freeze. “So we do have other items coming for- ward that are also going to be a challenge to finish this year.” Adams told council last Tuesday night, that the city can enjoy a $1.6-million wind- fall due to funding requirement changes in the Ontario Disability Support program which has been fully uploaded by the prov- ince. “So we expect to be on budget by the end of the year, but right now we’re not anticipating a really big surplus, nor are we expecting a big deficit. We are hoping to be basically on budget.” While administration was aware the pro- gram was being uploaded, the city only recently 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 might be short lived. The Journal learned last Wednesday that the city will forfeit $720,000 in taxes after a successful appeal of its assessment by Nav Canada which operates a training facility and conference centre in the city’s east end. Maureen Adams, the city’s general man- ager of financial services, issued a press re-
Cornwall • $234,900
MLS J1158
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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 Wednesday af- ternoon detailing the tax loss in response to inquiries after The Journal broke the news story on its par- ent website www. editionap.ca.. “Earlier this morn- ing, minutes of settle- ment under Section 40 of the assessment
Cornwall • $263,000
Cornwall • $650,000
MLS J1630
MLS J2782
written confirmation from the province that the $1.6-million payment was not re- quired, Adams said in response to a ques- tion from Councillor Bernadette Clement. “We’ve received confirmation from 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.”
381ELLEN Markellbuiltraisedbungalow-3+1 bedrooms, 2fullbathrooms, largerecroomwithgasfireplace,doubleattachedgarage,paved driveway,andprivatebasemententranceforIn-LawSuite.
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Cornwall • $169,000
Cornwall • $329,000
MLS J2858
MLS J2742
act were signed by the City of Cornwall, MPAC and NAV Canada for changes in the assessed value of the NAV Canada property for 2010, 2011 and 2012,” Adams wrote. “As a result of these changes in assess- ment, there will be a write off for the mu- nicipal portion of taxes of approximately $720,000 in total for these three years.” “Although there were appeals filed for these three years, the corporation did not anticipate a change in assessment of this magnitude. This write off was not included in the 2012 budget for the corporation.” Adams had hinted at last Tuesday night’s council meeting that there was some bad news coming to temper news of the wind- fall to eliminate the deficit. “We have some additional money we’re going to lose in a tax assessment appeal,” she warned in response to a question by
COUPON-RABAIS 100 $ With the cold weather on its way now is the time to consider an E LECTRONIC R UST P ROTECTION P ACKAGE to help prevent the damaging effects of salt which produces the most severe conditions for rust to form. The E LECTRONIC R UST P ROTECTION P ACKAGE is also beneficial in preventing the harmful effects of environmental pollutants like UV Rays, Acid Rain, Bird Droppings, and Tree Sap which can ruin your vehicle over time. For the months of October and November call Jennifer or Tina to book your appointment and simply bring in this ad to receive $100 discount on the cost of a Rust Protection Package. Add more value to your investment!” have done our own final reconciliation and there are some amount s that we set aside that we thought would be potentially go- ing to the province,” Adams told council. “We had confirmation that they are not.” “So recognition of that does provide a fair amount of relief to the deficit position we were showing a couple of meetings ago.” Councillor David Murphy welcomed the good financial news, but was rankled that just a few weeks ago administration was predicting a deficit of as much as $650,000. “There was a sense of panic when we got that second-quarter report, not only at this table but in the community,” Murphy told Adams. “I think it would have been nice to know that that was down the road and a possibility and I don’t think that was made clear andmaybe that’s our fault for not mak- ing that clear to the residents of the city.” ✄ ✄ ✄
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’sWilliamstown•$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 gasfireplaceand2bathrooms,gasforcedair,newer windowsandmore.Havetotakea 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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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!
Cornwall • $184,900
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Cornwall • $304,900
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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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