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Pathway :: Home
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Another business gets another tax break |
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Contributed by Jim Elliott
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Monday, 08 January 2007 |
On Tuesday, January 9th, the Finance & Administration Committee of Council is considering a recommendation from the Regina Regional Economic Development Association (RREDA) to exempt another company, Kohl & Frisch Ltd. an Ontario drug store wholesaler, from paying taxes to the City of Regina for 4 years for appoximately $127,000 each year. The assessment of eligibility is being done by the RREDA and not by city or other qualified officials. They are retrofiting a warehouse in the industrial district on Pettigrew Avenue.
This like the others last year will, if passed by City council, remove more funds from the tax base and the budget of this city to do their work. Assuming the budget stays the same, something we don't know now, that means every other taxpayer will have to cough up more taxes. That means every residential and business taxpayer will be asked for more money. That means the school boards and library board will have to increase their request or reduce their budgets.
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tax breaks
Written by boris gomez on 2007-01-10 22:24:07
All of the above is true, but lets not try and dissuade new business from coming here - it is a bright spot to have someone at least interested in setting up shop in our city. Along with the fact of a new company coming to town, there is now a new employer that will be hiring visible minorities of all types and perhaps the biggest windfall of all - over 4 million dollars of wages will be coming into our community annually - this isnt bad in any respect, because all who end up working there will be gettin annual paycheck of approx. $40,000. - long live free enterprise and the benefits it brings. |
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Last Updated ( Tuesday, 09 January 2007 )
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