fe ‘tually work in the city’s favour.

The Terrace Standard, Wednesday, September 20, 1995 - AQ

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_Local Sears Agent - 3228 Kalum St., Terrace, B,C. (604) 635-6541

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THE ANSWER was ‘Yes’ for Terrace Youth Soccer players Kegan Belina (left), Candace Ross
(right) and soccer Mum Elsa Murphy as they tumed the first sods on the washroom-changing room

- facility the organization plans to build at Christy Park. The following night, council gave its blessing
Jot the project, TYSA treasurer Dave Wamer said the goal is the facility | be ready for next season.

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RAILWAY taxation changes pro-
- posed by Victoria may not have
quite as drastic an effect on city.
“revenues. as first feared, says
council’s finance committee”
‘chairman: .
“David ‘Hull made the comment 7
following a meeting last’ week
“during which provincial officials
-oullined’ the rationale for the
na changes and what effect they
might have on the fax ba an
'In'a- bid to halve the tax burden
. ‘of Canadian National and Cana-
‘dian Pacific Railways in B.C., the
“NDP government is going to
- change the rules under which lo-
al governments can tax milways.
“With CN paying $535,000 taxes
‘in Terrace, there were fears the
‘changes would severely dent the
‘city’s budget and wipe out many
‘of the savings. from this’ year’s ©
_cost cutting measures by council.
. However, based on the informa-
. lion garnered at the meeting, Hull
“now says “It may not be too bad
for Terrace. 7 :
~. For. exanple, the plan to
Temove railway bridges from the
tax base will have no effect here
“because the Skeena and Kalum
bridges are outside the city.
‘Other changes affect how rail-
way land is valued, what taxation
‘class itis placed in, and maxi-
‘mum fax rates that can be set.
4 ~ Currently, the value of railway-
owned land used for railway pur-
. poses is assessed on the Com-
missioner’s rate of $3,642 per
-<aete, That’s a provincial average.
_ and applied across the province.
"That land falls into the utility
: ‘elass: for the purposes of local
‘taxes, a classificalion . routinely
“taxed at a higher rate than com-
“mercial. In some jurisdictions the
“utility rate is cranked up toa level
~ the province says is unfair. One
: -suggestion, therefore, is to cap
stility: tax rates at 25 times the -
~ commercial rate. Because Ter-
_xace’s figure is 2.8 times, the ef-
‘ ‘fect would not be significant,
“And one other change may ac-

iia

*

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The government’s draft plan calls
~ ;for only the ‘track and right of
way to stay in the ulilily class, All
“other land, including yards,
; would raove into the commercial
~ “olass and-be assessed at an “‘over
the fence’ value — on the sarc
‘basis as adjoining land.
«Hull pointed out the value of
: ‘land in the downtown core could —
be as high as $250,000 per acre,
“more than 70 times the Com-
‘“milssioner’s rate.
*. © Brian’ Walliser, direclor of
“policy and research with the -
‘Municipal Affairs ministry, con-
“firmed that If a community came
“cout ahead as a. result of the
“changes, “there is no Proposal wo
confiscate such gains.”’
“He “also stressed there” was o
‘ong. ‘way to go before final deci-
- sions were made on how the new
- aystem would work, mm

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