Following a Special Council Meeting on Monday, March 30th, 2020, Coaldale Town Council passed new measures to help ease financial stress on residents and local businesses resulting from the ongoing COVID-19 pandemic.
Effective April 1, 2020, Council has passed new measures that will temporarily eliminate penalties associated with late payments for taxes and utilities. In addition, they have directed administration to engage in new programs or services to assist local businesses or at-risk members of the community.
In order to provide assistance to residents and businesses, the following changes have been made effective as of April 1, 2020:
- Recognizing the difficult financial position that residents and businesses may be facing, Council is waiving late payment penalties for a 3-month period (April, May, and June 2020).
- Council will review the situation again prior to July 2020 to determine if additional assistance for utility payments is required.
- Property taxes, normally due on June 30th, are now due on September 30th, an extension of 3 months. Notices of assessment, usually sent out in May, will continue to be sent out at the usual time. Residents are still encouraged to pay their taxes buy June 30th if they are able to do so.
- Penalties for non-payment after September 30th are cut in half.
- The previously planned increase of 2% for the non-residential tax rate has been reduced to 0%, further solidifying Coaldale’s position as a low tax location for business. Council committed to maintaining their position of no tax increases for residential properties for the second consecutive year.
“We recognize the immense impact that the COVID-19 pandemic is having on our residents and businesses and Council is committed to helping them get through these challenging times,” said Cameron Mills, Manager of Economic and Community Development. “These measures are intended to help ease the cashflow burden that many are presently facing, and we encourage anyone who might need these extra concessions to utilize them.”
Along with these new measures, Coaldale Town Council pledged their official support for members of the Town’s administration to participate in the Regional Economic Recovery Task Force. Recognizing the continuously evolving nature of the existing economic environment, resources within the existing operational budget will be allocated to the initiative as required.
“The economic health and recovery of our community, and region, are of utmost importance to Council,” said Mayor Kim Craig. “That is why we believe it is important that the Town of Coaldale does its part in contributing to the economic success of our region over the coming days, weeks, and months ahead. With that being said, Council is committed towards executing the capital projects as outlined in our 2019-2021 Capital Plan to provide the economic stimulus that is necessary for the regions’ recovery.”
Coaldale Town Council remains committed to completing the capital projects approved in their 2020-2021 Capital Budget, including:
- Main Street Infrastructure Replacement and revitalization – slated to be tendered in April 2020;
- Paved pathway project throughout Coaldale – slated to be tendered in April 2020;
- Civic Square, a multi-use commercial office building in downtown Coaldale – project to be awarded to a development group in April 2020;
- Multi-Use Recreation Centre – detailed design to take place between now and September 2020, with a tender for construction package to follow.
“We recognize that some projects may take a bit longer to complete amidst current circumstances, but we as a Council remain firmly committed to investing in our region’s economic recovery,” said Mayor Craig.
For more information about the utility and tax allowances, please click here.