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Tuesday April 24th, 2012  
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   Volume 82 - Issue 16 Website:www.passherald.ca   email: news@passherald.ca   $1.00   
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Quote of the Week
"It's unfortunate but necessary that we turn to the courts to protect this extraordinary landscape."
- Gordon Petersen  
   
   

 

 
Crowsnest Pass Municipal Council passed second and third readings of the 2012 Mill Rate Bylaw at the meeting which was held last Tuesday, April 17th, allowing for a mill rate increase of 2.5 per cent from 2011 to 2012.
Councillors Jerry Lonsbury and Larry Mitchell moved second and third readings, respectively, both of which were carried 5-2, with Councillors Brian Gallant and Andrew Saje opposed.
The approval of the 2012 Mill Rate Bylaw increases the residential mill rate to 5.871 and the non-residential mill rate to 10.539, as well as increasing the minimum tax from $500 to $525.
Director of Finance and Corporate Services Marion Vanoni informed Council that the increase will generate tax revenues for the Municipality in the amount of roughly $6,820,152, which, when added to revenues from other sources in the amount of $13,721,635, will provide for Capital and Operational expenditures / transfers in the amount of $20,541,787, including an anticipated surplus of $48,636.
As it has in years past, the Crowsnest Pass Senior Housing Authority Operating Requisition increased by 10 per cent this year from $202,996 to $223,296 for facility upgrades at York Creek Lodge and operational costs of the lodge and Tecumseh Manor.
 

The second of 10 installments of $100,000 will also be transferred into the Crowsnest Pass Senior Housing Authority Capital Upgrade Reserve, in order to support a $1 million capital upgrade of York Creek Lodge.
The Alberta School Foundation Fund (ASFF) Requisition has also increased by $214,776 this year to $2,756,910, to be paid in quarterly installments of $689,228, the first of which was due on March 31st.
These increases will mean that a residential property valued at $200,000 will see a residential mill rate increase of $45.82, an ASFF requisition increase of $66.46, and a Senior Housing requisition increase of $5.29, making for a total tax increase of $117.57.
A residential property valued at $300,000 will result in a residential mill rate increase of $68.73, an ASFF requisition increase of $99.70, and a Senior Housing requisition increase of $9.26, making for a total tax increase of $177.69.
Property tax notices will be mailed out to residents by April 30th and taxes will be due no later than June 30th.
For more information, contact the Municipal Office at 403-562-8833.
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