Wednesday, August 3, 2011

Tax Loss to Fort Frances

More tax loss for the town of Fort Frances

Treasurer Laurie Witherspoon says a reassessment of the International bridge will mean a loss of about $25,000 to the town.

"For 2010 the assessment was $1,447.000," says Witherspoon. "This year it has dropped to just over $1-million. What it means the revenue for the town of Fort Frances is that we'll only receive $14,888."

Witherspoon says the reassessment was done by the U.S. Revenue Department and can not be appealed.