If this loss was realised, the County would have to pursue one of, or a combination of the following;
1. Increased taxes from other sources (Residential, other businesses, Farmland, etc.) through
2. Expense reduction through service cuts, program cuts, and resulting staff reduction.
This Proposal was intended to increase Alberta's Competetive advantage within our Oil & Gas Sector. However, it has been indicated that only a few of the largest corporations will truly realize cost savings. Additionally, There are no suggested requirements requiring the savings to be re-invested in our Municipality or even our Province.
Further details about the proposed scenarios, prepared by the Rural Municipalities of Alberta (RMA) can be found HERE. The document is a very detailed explanation of the proposed depreciation factors being built into the current assessment model.
We do not want this to happen! Council, together with other elected officials and through our common voice in the Rural Municipalities of Alberta (RMA) we have and will continue to project our displeasure with this proposal. As citizens who we will be impacted we are asking you to do the same. If you are against tax increases and cuts to Municipal services, please voice your concerns to your MLA.
MLA Dan Williams – Phone: 780.928.5100 or email: Peace.River@assembly.ab.ca
Should you wish to speak with someone from Administration regarding this issue, please contact Josh Hunter, Director of Finance at 780-836-3348 or by email at firstname.lastname@example.org
On August 25th, RMA provided more insight into rural municipal finances in response to the CTF (Canadian Taxpayers Federation) comment towards municipal budgets. You can read the press release here.