UPDATE: Coldstream extends tax due date

Apr 28, 2020 | 11:02 AM

UPDATE

Coldstream residents will have extra time to pay their municipal tax bill this year, if they need it.

Council has extended the the tax penalty date for all classes to Oct. 1, although all property owners are encouraged to pay their bill by the normal deadline of July 3rd if they are able.

“The provincial government recently announced that the tax penalty date applicable for business, commercial and industrial classes (Class 4, 5, 6, 7 and 8) would be extended to October 1, 2020,” stated a district news release. “The alternative tax collection scheme adopted by council is consistent with the provincial announcement and provides the same benefit to all Coldstream taxpayers. More information will be provided with the tax notices when they are mailed.”

In other Coldstream council news, Jennifer Graham has been hired as the district’s new director of corporate administration.

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“Ms. Graham comes to the district having recently served as the corporate officer for the City of Armstrong,” said the release.

Council has cancelled its May 4 and May 19 committee of the whole meetings in support of the operating measures in place for the pandemic.

The district remains “Remotely Open for Business” and staff is available by phone or email. Any essential services that require meeting with staff will be done by appointment only.

Original story

Coldstream is the latest local community looking at providing Covid-19-related relief to its taxpayers.

District staff is recommending extending the municipal tax due date from July 2 to September 30 before a 10 per cent penalty is applied, similar to what other municipalities, like Vernon, have done.

Council will discuss the recommendation at its meeting tonight.

“The District is generally in good financial position and strong cash flow position,” wrote Patricia Higgins, director of financial administration in a report to council. “The future cash flows have been reviewed under a number of scenarios and the position of the District will not be compromised if the property tax due date is extended. The District is also currently looking at ways to offset revenues that are being lost due to Covid-19 with reduced expenses.”

At this point there is no motion to lower Coldstream’s proposed 2020 tax rate hike of 3.50 per cent, which works out to $58 for the average residence ($635,221 assessed value).

by Pete McIntyre

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