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HomeMy WebLinkAbout93-80 BY-LAW NUMBER 93-80 THE CORPORATION OF THE TOWN OF NEWCASTLE BEING A BY-LAW TO ADOPT THE ESTIMATES OF ALL SUMS REQUIRED DURING THE YEAR FOR MUNICIPAL PURPOSES AND TO STRIKE THE RATES OF TAXATION FOR MUNICIPAL PURPOSES FOR THE YEAR 1993. WHEREAS, the Council of the Corporation of the Town of Newcastle, has, in accordance with the Municipal Act, considered the estimates of the Municipality and it is necessary that the following sums be raised by means of taxation for the year 1993. 1993 1992 1991 General Purposes Area and Special Rates $10,201,774 545,054 TOTAL $10,746,828 ----------- ----------- $ 9,817,493 447,585 $ 9,143,133 388,741 $ 10,265,078 $ 9,531,874 ------------ ------------ ----------- ----------- AND WHEREAS, the Assessment Roll made in 1992 and upon which the 1993 taxes are to be levied is the latest returned assessment roll, which is still subject to revision by the Court of Revision; Residential - Farm Commercial Business 1993 $ 61,112,905 7,887,482 3,240,105 $ 72,240,492 TOTAL ASSESSMENT ------------ ------------ 1992 1991 $ 58,255,115 $ 56,133,013 7,869,084 6,892,068 3,278,805 2,682,780 $ 69,403,004 $ 65,707,861 ------------- ------------ ------------- ------------ AND WHEREAS, Chapter M.5 Section 155 of the Municipal Act RSO 1990, states that the Council of every local Municipality in each year shall levy in the manner set in the Ontario Unconditional Grants Act, on the whole of the assessment for real property and business assessment according to the last revised assessment roll, a sum equal to the aggregate of the sums adopted under section 162. NOW THEREFORE, THE COUNCIL OF THE CORPORATION OF THE TOWN OF NEWCASTLE ENACTS AS FOLLOWS: 1. That the estimated expenditures required during the year 1993 totalling approximately $ 24,701,133 (1992 - $22,594,620) less the estimated revenue totalling approximately $ 13,954,305 (1992-$12,329,542) leaving a net amount of $ 10,746,828 (1992-$10,265,078) to be adopted and the following amounts to be levied therefore in the manner as set hereunder: 1993 General Purposes Area and Special Rates $ 10,201,774 545,054 $ 10,746,828 TOTAL ------------ ------------ 1992 1991 $ 9,817,493 $ 9,143,133 447,585 388,741 $10,265,078 $ 9,531,874 ----------- ----------- ----------- ----------- Page Two 2. There shall be levied and collected upon the assessable land, buildings, and businesses within the Corporation of the Town of Newcastle, the following rates for this year 1993: PUBLIC SCHOOL SUPPORTERS General Municipal 1993 137.482 RESIDENTIAL 1992 137.557 1991 135.660 1993 161. 744 COMMERCIAL 1992 161. 832 1991 159.600 SEPARATE SCHOOL SUPPORTERS General Municipal 137.482 137.557 135.660 161. 744 161.832 159.600 AREA AND SPECIAL RATES street Liqhts: Bowmanville, Orono, Newcastle 12.782 13.027 9.891 15.038 15.326 11. 637 Newcastle Rural Areas 11. 425 4.573 6.280 13.441 5.381 7.388 Business Improvement: Bowmanville N/A N/A N/A 183.82 227.846 157.982 Orono N/A N/A N/A 119.147 108.650 120.682 Newcastle N/A N/A N/A 92.065 71. 508 99.285 Garbaqe: Flat Rate - Town Wide - annually $145 $145 $150 $145 $145 $150 Page Three 3. All taxes, including local improvements assessments, shall be deemed to have been imposed and become due and payable on the 1st day of January 1993 but may be paid in four installments, of which, two installments will be to receive interim taxes levied under authority of By-law 74-23, amended by By-law 80-145. 4. The remaining taxes including local improvement assessments, after deduction of taxes levied prior to the adoption of these estimates may be paid in two installments on the 30th day of June and 24th day of September 1993. 5. There shall be imposed a penalty for non-payment of taxes on the first day of default of any installment thereof, the amount of 1 1/4% of the amount due and unpaid on the first day of each calendar month thereafter in which default continues, but not after the end of the year in which the taxes are levied, under authority of By-law 83-38. 6. In accordance with Chapter M.45, Section 399 (1) of the Municipal Act, R.S.C. 1990 "in default of payment of any instalment by the day named for payment thereof, the subsequent instalment or instalments shall forthwith become payable". 7. The Tax Collector is hereby authorized to mail or cause to be mailed the notice of taxes due to the address of the residence or place of business of the person to whom notice is required to be given. 8. All 1993 taxes shall be paid during the calendar year of 1993 at most Chartered Banks & Trust Companies in Durham Region. All prior years taxes shall be paid into the office of the Treasurer. 9. The Tax Collector and Treasurer are hereby empowered to accept part payment from time to time on account of any taxes due. 10. This By-Law shall come into force and effect upon the date of the final reading thereof. By-law read a first and second time this 31st day of May, 1993. By-law read a third time and finally passed this 31st day of May, 1993. Ip~~ Mayor .