“Whereas County Council is responsible for setting tax policy in Northumberland County using tax ratios; and
Whereas on February 28th, 2023 Peter Frise (from Municipal Tax Equity (MTE) Consultants Inc.) did a presentation to County Council and recommended that the County begin to reduce its multi-residential tax ratio from 2.0 towards the new multi-residential ratio of 1.0; and
Whereas County Council approved a reduction in the multi-residential tax ratio from 2.0 to 1.8 in 2023; and
Whereas MTE Consultants Inc. continues to recommend that its municipal clients gradually reduce their multi-residential tax ratio towards 1.0 based on the expectation that this change will eventually be legislated; and
Whereas the Northumberland Treasurers Inter-Municipal Working Group agrees that the County should continue to gradually reduce the multi-residential tax ratio toward the new multi-residential tax ratio of 1.0;
Now Therefore Be It Resolved That the Finance and Audit Committee, having considered Report 2024-032 ‘2024 Northumberland County Tax Ratios’, recommend that County Council approve a further reduction in the 2024 multi-residential tax ratio from the current 1.8 to 1.6.”