Biz News from Your Chamber

November 19 2018


Today's Eflash sponsored by Kingston Economic Development

 

What you need to know: City Council Tomorrow


 
City Administrative Policy Update



On November 8, the City of Kingston's Administrative Policy Committee met to discuss a number of issues including th e " Vacancy  Tax  Rebate  and Reduction Program". The current rebate is 30% of the property tax for vacant commercial space and 35% for vacant industrial space. The Vacant and Excess Land Property Tax Subclass taxes commercial and industrial properties in this subclass at a fixed percentage rate below the tax rate of the broad tax class. These properties are discounted at 30% of the full Commercial rate and 35% of the full Industrial rate.
   
Rapid Policy Update: 2018 Fall Economic Statement



On November 15, the Government of Ontario released its 2018 Fall Economic Statement entitled " 2018 Ontario Economic Outlook and Fiscal Review" , which provides an update on the government's finances and announces commitments for the upcoming 2019 Budget.
   

Advocacy questions? Please contact Bill Stewart, our Advocacy Policy Specialist   policy@kingstonchamber.ca