NEWS RELEASE
For Immediate Release
October 23, 2013
Town to take steps to collect outstanding taxes
In keeping with its commitment to being open and transparent, the 11th Council of the Town of Happy Valley- Goose Bay is pleased to release the town’s audited financial statements for the period ending December 31, 2012.
“We feel it is important that residents be aware of the town’s financial situation,” says Deputy Mayor Cora Hamel Pardy, who also serves as Chair of the Finance, Administration and Policy Committee. “We are concerned about the amount of taxes outstanding from individuals and businesses, and we have instructed management to undertake a thorough review to ensure steps are taken to address this issue. Everybody has to pay their taxes.”
By aggressively addressing this issue, the Town of Happy Valley-Goose Bay will improve cash flow and lessen the dependence on short-term operating debts, thus resulting in savings on interest payments, says the Deputy Mayor.
The increase in accounts receivable from the previous year can be attributed largely to increased business activity and housing starts on top of a number of old files, notes His Worship, The Mayor Jamie Snook.
“Our community is growing and, as a result, more tax revenue is being generated,” he says. “However, there is still a major concern with outstanding debts. As a Council we will explore all options available to us to ensure taxes are collected. Residents want to know that everyone is being treated fairly and equally. Our ultimate goal is to put our community first and foremost, which is why it is important to ensure all residents and businesses are in good standing.”
The Finance, Administration and Policy Committee is also researching other revenue generators to lessen the burden on taxpayers while increasing services to the community. As well, steps will be taken to reduce costs associated with Council and staff travel, as well as attendance at various functions within and outside the community.