HomeMy WebLinkAbout88-46
THE CORPORATION OF THE TOWN OF NEWCASTLE
BY-LAW NUMBER 88-46
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 1988.
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 1988.
General Purposes
Area and Special Rates
$ 5,606,615
$ 832,073
AND WHEREAS, the Assessment Roll made in 1987 and upon which the 1988 taxes are to be levied is the latest
returned assessment roll, which is still subject to revision by the COurt of Revision;
Residential
and Farm
COnunercial
and Business
Total
Public School
Separate School
$ 37,181,786
$ 4,003,006
$ 8,389,261
$ 179,505
$ 45,571,047
$ 4,182,511
AND WHEREAS, Chaptor 302 Section 158 of the Municipal Act RSO 1980, 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 164.
NOW THEREFORE, THE COUNCIL OF THE CORPORATION OF THE TOWN OF NEWCASTLE ENAcrS AS FOLLOWS:
1. That the estimated expenditures required during the year 1988 totalling $16,098,516 less the estimated
revenue totalling $ 9,659,828 leaving a net amount of $6,438,688 to be adopted and the following
amounts be levied therefore in the manner as set hereunder:
General Purposes
Area and Special Rates
$ 5,606,615
$ 832,073
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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 1988:
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Page Two
Public School Supporters
Residential
Cormnercial
General Municipal
109.364
128.663
Separate School Supporters
General Municipal
109.364
128.663
Area and Special Rates
Street Lights
Bowmanville, Orono,
Newcastle
Newcastle Rural Areas
8.865
9.660
10.430
11.365
Business Improvement
Orono
Newcastle
Bowmanville
122.300
73.820
123.640
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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 1988 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 30th day of
September 1988.
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 I 1/4% of the amount due and unpaid on the first day of each calendar month there-
after 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. The Tax Oollector 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.
1. All 1988 taxes shall be paid during the calendar year of 1988 at any branch of the canadian Imperial Bank
of Oommerce in the Regional Municipality of Durham and Town of Port Hope. All prior years taxes shall be
paid into the office of the Treasurer.
8. The Tax Oollector and Treasurer are hereby empowered to accept part payment from time to time on account
of any taxes due.
9. 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 8th day of April 1988.
By-law read a third time and finally passed this 8th day of April 1988.
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'Mayor
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