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Tuesday, November 16, 2010

Mayor Worries About Freeze On Property Tax Assessments















(Saint John Mayor Ivan Court)
        (File Photo)

Mayor Ivan Court is worried about what effect a promise made during the recent provincial election campaign will have on the city's bottom line.

Premier David Alward promised to freeze the property tax assessments of homeowners who are 65 years of age and older.

Court says that could include 40 or even 50 per cent of householders in the city and warns Common Council can't really prepare a budget for next year if it doesn't know what the final numbers will be.

The Mayor also suggests giving a property tax freeze to seniors ignores the fact many young families, who have homes, are struggling and need help but could find themselves paying more.