Charlottetown, PE – The Greater Charlottetown Area Chamber of Commerce commends the City of Charlottetown for opting not to increase property taxes or utility rates in the 2016 budget.
The 2016 budget, presented by Mellissa Hilton, Chair of the Finance, Audit and Tendering Committee, announced the city will carry a $1.5 million deficit into 2017. This is the first deficit in 23 years for the City of Charlottetown. The Chamber compliments the City on their budgeting of expenditures in all departments to avoid a tax rate increase in 2016.
“The Chamber continues to advocate for a return to a fair and consistent method for calculating the municipalities’ portion of property tax revenue,” said Penny Walsh McGuire, Chamber Executive Director. “This issue is still a priority for the Chamber and we continue to support our municipal partners of Charlottetown, Stratford and Cornwall in their efforts to achieve a resolution.”
Council resolved to maintain its tax incentive grant programs to encourage development in the City.
“The Chamber is pleased to see the continuation of the tax incentive grant programs,” said Walsh McGuire. “Development incentives such as this are important to support the continued growth and vibrancy of the city.”
The Chamber congratulates the City on the results of the recent KPMG international study, where Charlottetown ranked 1st in Canada in the area of corporate services. The City is encouraged to continue to benchmark their key indicators of performance against other municipalities and share the findings with the public.
The Greater Charlottetown Area Chamber of Commerce serves as the “Voice of Business” on economic issues for its 975 members, representing more than 17,500 employees in small, medium and large enterprises in the capital region. For further information on the Chamber, visit the website atwww.charlottetownchamber.com or call 902-628-2000.
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Penny Walsh McGuire
Greater Charlottetown Area Chamber of Commerce
902-628-2000 (ext. 223)