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HomeMy WebLinkAboutTR-13-88 TOWN OF NEWCASTLE REPORT File # /()- r _ l Res. # '1� � d c� By-Law # HANDOUT MEETING: GENERAL PURPOSE & ADMINISTRATION COMMITTEE DATE: February 15, 1988 REPORT #: TR-13-88 FILE #: SUB.IECT: NORTHUMBERLAND & NEWCASTLE BOARD OF EDUCATION - FINANCING RECOMMENDATIONS: It is respectfully recommended that the General Purpose and Administration Committee recommend to Council the following: 1. That report TR-13-88 be received; and 2. That Staff be given authorization to engage the services of a consultant to review the funding formula to determine if inequities exist with respect to the apportionment of school taxes among municipalities; and 3. That subject to recommendation #2 above, the Treasurer be authorized to call a meeting of area Treasurers within the Northumberland Newcastle School Board jurisdiction to review the Consultant's Report. BACKGROUND & COMMENTS: At the General Purpose and Administration Committee Meeting of January 18, 1988 Resolution # GPA-59-88 was approved. Said resolution directed that the report requested in Resolution # C-922-86 on the MacDonald Commission on the financing of Elementary and Secondary Schools in Ontario and the joint statement of position from the Northumberland and Newcastle Board of Education and it's Municipalities be brought to the February 15, 1988 General Purpose and Administration Committee Meeting. . . .2 TR-13-88 Page 2 During the past year, a considerable amount of time has been incurred by Mayor Winters and others with respect to reviewing the funding formula used to apportion school taxes. Staff are of the opinion that no one at the provincial or local level fully understand how the formula is applied. This has been confirmed by the School Board Treasurer during recent discussions in which he stated, and I quote, "apportionment of school taxes to area municipalities does not seem correct considering the fluctuation in assessed property values and the equalization factors YY as they presently exist. The equalization factors attempt to relate each municipality's assessed property values to the market values for property in that particular municipality. In theory, this makes all property values in Ontario comparable by relating it to a common standard market value. However, when you consider that the combined assessment for Port Hope and Cobourg exceeds the assessed property value for Newcastle, one must question why the Town's apportionment is greater that the others. Schedule "A" attached indicates the 1986 assessment used in 1987 taxes for the above municipalities. The variances in assessment base for the above municipalities is considerable, in that Port Hope is on 1975 market value, Cobourg on 1984 market value and the Town on 1980 market value. This would seem to indicate that based on market values as they presently exist that Cobourg would have a higher apportionment than the Town. Also, Cobourg has a much larger commercial industrial base for apportionment purposes. . . .3 TR-13-88 Page 3 The above rationale has been further confirmed by the MacDonald Commission on the financing of Schools within Ontario, wherein the Commission states that the current method of apportioning school requirements among Municipalities has created several inequitable situations. For example, residential properties with a taxable assessment of $5000 in one Municipality pay $811.00 in School Taxes in 1984, while similar residential properties with the same taxable assessment of $5000 in a neighboring Municipality pay $573.00 in school taxes both in the same jurisdiction of the Board of Education. Similar problems of apportionment exist in other Municipalities of the Province. These inequities are caused by the use of current assessment equalization factors, the calculation of which is influenced by the relationship of the rateable assessment among classes of assessment. These relationships vary greatly among municipalities depending upon the extent of the Commercial and Industrial Assessment base. Because of the complexity associated with the funding formula and a general lack of understanding by all parties concerned, it is recommended that a consultant be engaged to review the apportionment allocation procedure. Should the consultant's report confirm that the school tax apportionment is incorrect, that the Treasurer be authorized to call a meeting of area treasurers to review same and determine the proportion of the amounts to be raised by each municipality as per Section 213 (6) of the Education Act 1980, R.S.O. Respectfully submitted, f fJ.R. Blanchard, Treasurer. JRB/pp ATTACH: Schedule "A" Assessed Values Assessment Market Value Equalization Factor Base Port Hope 14,725,313 1975 5.040 Cobourg 28,475,026 1984 6.70% Newcastle 42,464,832 1980 3.26% 14�