HomeMy WebLinkAbout88-86
THE CORPORATION OF THE TOWN OF NEWCASTLE
BY-LAW NUMBER 88-86
BEING A BY-LAW TO ADOPT THE ESTIMATES OF ALL SUMS
REQUIRED DURING THE YEAR FOR THE SCHOOL BOARDS AND
REGIONAL GOVERNMENT PURPOSES AND TO STRIKE THE RATES
OF TAXATION 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 School Boards and Regional Government and it is necessary that the following
sums be raised by means of taxation for the year 1988.
Regional purposes
Elementary School - Public
Secondary School - Public
Elementary School - Separate
Secondary School - Separate
$ 4,535,768
$ 7,482,897
$ 6,292,902
$ 565,033
$ 581,072
AND WHEREAS, the Assessment Roll made in 1988 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
Corrunercial
and Business
Total
Public School
Separate School
$31,604,518
$ 3,402,555
$8,389,261
$ l79,505
$39,993,779
$ 3,582,060
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 l64.
NOW THEREFORE, THE COUNCIL OF THE CORPORATION OF THE TOWN OF NEWCASTLE ENACTS AS FOLLOWS:
l. That the estimated expenditures required during the year 1988 totalling $l9,457,672 be adopted and the
following amounts be levied therefore in the manner as set hereunder:
,
,
Regional Purposes
Elementary School-Public
Secondary School-Public
Elementary School-Separate
Secondary School-Separate
$ 4,535,768
$ 7,482,897
$ 6,292,902
$ 565,033
$ 581,072
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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 1988:
Public School Supporters
Residential
Commercial
Regional Government
Elementary
Secondary
88.476
159.036
133.745
104.089
l87.l02
157.347
Separate School Supporters
Regional Government
Elementary
Secondary
88.476
134.079
137.891
104.089
157.740
162.225
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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 1 l/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.
7. All 1988 taxes shall be paid during the calendar year of 1988 at any branch of the Canadian Imperial Bank
of Commerce in the Regional Municipality of Durham and Town of Port Hope only. 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 13th day of June 1988.
By-law read a third time and finally passed this 13th day of June 1988.
.
Mayor
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Clerk
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