WHEREAS, in March 2007, the Province of Ontario, intending to correct historical inequities in education tax rates, announced a phase in across the Province of uniform rates for commercial and industrial property classes (the “business education property tax rate”) over an eight year period ending in 2014; and
WHEREAS the Province announced on March 27th, 2012, that business education property tax rate cuts, previously scheduled for 2013 and 2014, would be deferred until 2017-2018; and
WHEREAS the adjustments deferred to 2017-2018 never occurred, resulting in a 2020 education tax rate of 0.98% for commercial and industrial properties in cities where the Province has applied the uniform rate, while in Brantford most commercial and industrial properties pay 1.25%, a difference of 27.5% in the education portion of the tax bill levied against commercial and industrial properties in the City of Brantford; and
WHEREAS if the Province had fully implemented the business education property tax rate cuts originally promised in 2012, by 2017-2018 it would have reduced total property taxes for most commercial and industrial properties in the City of Brantford in excess of 8%; and
WHEREAS the current provincial tax policy with respect to setting business education property tax rates is a significant factor that is negatively affecting economic development and business conditions in Brantford and the surrounding area; and
WHEREAS the Mayor’s Pandemic Economic Recovery Task Force Action Plan adopted by Council this past June recommends the City advocate to senior levels of government for funding opportunities and relief measures for local businesses and organizations;
NOW THEREFORE BE IT RESOLVED:
- THAT the Mayor BE REQUESTED to send a letter to the Premier of Ontario and the Ontario Minister of Finance on behalf of Brantford City Council requesting that the Province complete, forthwith, the implementation of a uniform education property tax rate across the Province; and
- THAT the Mayor further BE REQUESTED to collaborate with the City of London, and other mid-sized Ontario cities that are impacted by this inequity, in working towards the implementation of a uniform business education property tax rate throughout the Province.