”

Terrace Standard, Wednesday, May 23, 1990 — Page A3

ike bite atouch |

year.:

|. The total tax dite is split
almost evenly between the ci-
}.ty.-and’ school district tax
‘rates,. The city’s budget and
“debt: payments account for
-| 50 per. cent of the tax load,
‘| while-the school district rate
' [tis about 45 per.cent. Addi-
‘tional levies for transit,
assessments, the regional
hospital board,
:Kitimat-Stikine regional
‘district make up the balance.
In previous years, the
‘| school board has set its
| residential property tax rate.
Changes this year meant the
‘actual. impact of the school
board’s $33.5-million budget
was decided by Victoria, nat
local trustees.
“As Swell, the school tax
| relief promised by the pro-

tax hike here is among the
-F highest in the province;-while
.| Kitimat homeowners are’ en- [-~
‘[joying a 16.6 “Per cent
decrease in their school
| taxes.

and the

st
ge ae an

_inits warm waters between di

= .
TERRACE — Homeowners
“not only face an increase in
property taxes to meet city
~ [costs but also to help finance

‘schools, . |

- [Figures compiled last week
~:[ by city officials indicate that
| homeowners will pay 5.7 per
eco p eent-:more this © year. That
| total comes from an eight per
-, ap cent school tax inercase and a
/ | 3.8 per cent rise in city taxes.
| City treasurer Keith Nor-
man said the addition of the
‘School: tax ‘rate’ brings ‘the
J amount ° local homeowners
| will pay to $24.43 per thou-
‘| sand ‘dollars ‘assessed proper-
ty:-value. That means the
‘owner of an $80,000 home

can expect to pay more than
$1,950 in property taxes this

be

ea. ' - ‘a

Water wizards

‘Feopening of the pool complex. A popular addition has been the wading pool
‘which, while a natural for toddlers, also attracts the older set who ‘enjoy'loungirig “*

ps in the regular pool. Abdve, Lynds8y'Bétisle (from ©

top), Johanna Dahl, Wanda Wookey and Jenny’Pritchard are seen doing just
that. ;

CHER TEMPLE
RENE

“CIRE

\

, * toe r ees
Fe Nhe Nie rt ott sade ile si mei et oN Rh gH i My Rem EUW BS

1

7.99.)

TERRACE — An unexpected
increase in revenue and the
cancellation of more than
$110,000 worth of public works
projects has prompted council
to reduce tax hikes this year,

' The original budget, released
in February, included a five per
cent across-the-board increase
in the general taxation rate.
That figure has now. been cut to
3.8 per cent. .

Offering the example of his
own home (assessed. value
$81,750), finance committee
chairman Danny Sheridan said
his 1990 taxes would be $1,085,
$13 less than under the initial
budget. That compared to
$1,045 for 1989, .

Sheridan said the decrease
was in response.to figures in the
recently-released assessment roll
which showed the total assessed
value of local properties had
jumped more than $6 million to
$270.75 million. That was due
in part to the addition to the roll
of 62 new properties, he added.

Given taxes are charged on
the basis of a set amount per
$1,000 of assessed value, that
meant tax revenue for this year
would have been significantly
higher than forecast had the five
per cent hike remained un-
changed,

With the increase in assessed
values, the city could levy the
reduced rate and still take in the
same number of tax dollars
originally targeted.

Further amendments to the
budget reflected the combined
effect of increased revenue in
some areas and expenditure
reductions in others. —

On the revenue side, the 1990
revenue sharing grants from the
province were $35,000 more
than anticipated and ‘“‘the
(1989) surplus came in a little bit
higher ($93,500) than we pro-
jected,"” he added.

On the other side of the
ledger, Sheridan said residents

‘ patching of Thomas St. and

McConnell Ave. for
another $40,000, |.
” As a result of those changes,
he said the city found itself with

a saving of

’ $240,000 to spend and so added

items that had been cut out

Danny Sheridan
before.

Additions to the budget now
included $75,000 to cover possi-
ble roof-strengthening work in
the public works building,
$50,000 for snow removal
(snowfalls late last winter vir-
tually exhausted that fund) and
increases to the budgets for
street cleaning ($7,000), bus-
stop improvements ($5,000) and
litter clean-up ($5,000)

Design changes to work

_ already planned on Keefer St., |

Braun Ave. and the alley behind
the post office entailed spending
$22,500 more than initially pro-
jected while new projects in-
cluded a sidewalk on Graham
Ave. from Eby to Tetrault Sts.
($12,000), drainage work on
Graham between Tetrault. and
Pear ($19,000) and resurfacing
Skeena Hili ($20,000). -
Explaining why council had
not just left the tax increase at
five per cent and used the addi-
tional revenue to pay for more .
projects, Sheridan said. there
was a limit to how much the
public works department could

-| Vincial government could go | f had voted down two planned handle over the construction
largely unnoticed in Tertace local improvement projects — season.

T= School district secret : oe Sparks St. ($63,000) and Mills “You have to realistically
treasurer Barry Piers dont Co hs . 5 7 ea Ave, ($8,500) — and the city look at it as to what. can gel
said the eight per cent school THINGS WENT SWIMMINGLY at Saturday’s ceremonies to mark the official | had decided to postpone cap done in. the next three to four

months,’’ he said,

spirit of

giving

"DE ACHES SATURDAY, JUNE 23rd HAM
Tamitik Arena, Kitimat
Large Size. 4:00 p.m... Adults ~ $6.00 Family P
2.18/kg. & 7:30 p.m. Children (under 12) — $3.00 amily Purchase.
U.S. Grown. . ae These prices are available , stone alle
\No.iGrade, = @ r LB) =\__ATSAFEWAY TERRACE ONLY!) (St ’
(Zz : » f ~ ™ —
es <n > ROAST BEEF Fs
Assorted . Without Garlic or
Varieties. With F | S, Montreal one Al 2 9 4 G 2)
: eer. Slice . :
iwnlpping cream. ZR # @ é ; or Shaved @ /100 * 7.10/10 g. bad LB.
ee 7 A “— ~ - A
[ — ) f. ~) (oTide crounad ) ( Ice) OC )
Vegetable - KRAFT DETERGENT - COFFEE CREAM Frult
MARGARINE With Bleach or Regular or Edward's Assmenea snow Stan Aseeted | YOGOURT |
Empress. DINNER Se Powdered tor a Grounds 3005. Pkg. Cimit3 Flavours. 41, Limit 1 With Lucerne. Assorted or Plain,
1.35 kg. 3 ID. Pko. Case of 12/225 9. Boxes Laundry, Limit 1 With — With Family Purchase. Family Purchase. Over 500 g. Tub.
¢ 9 whe ry.
‘ Family Purchase, Over ‘Over Limit Price 2.29 each. Llmit Price 3.88 each.
5 9 .S Limit Price 8.48 each. 9 9
1.88,, | {| 5.99. 1.98. | (2.36...) | -99»
° —iata e EA. e EA. ;
a a ae ae \ J A. _ y,

STORE HOURS:—

Sunday 10.a.m.-5 p.m.
‘Mon. - Wed. Ga.m.-6p.m,
Thurs. & Fri. §a.m.-8p.m,
Saturday 98.m.-6 pm.

Nemes

y,

Sale price atlective Wed, May 23
to Sat., May 26

wo ke ey a a on
preaeideadesar crate there ee ee
‘ . : rf

fp eat ld

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