Wednesday, March 6, 2013

Town Finds Money For Tax Repayment

The town of Fort Frances has figured out how it will offset the $1.7 million tax rebate to Resolute Forest Products.

$575-thousand had already been set aside.

A million, originally earmarked for reserves this year, will now go to the assessment appeal repayment.

The remaining $118-thousand has been incorporated into the current deficit which would be offset through savings or tax increase.