Tax Gap 2014

Tax Gap 2014

Background:

At one time our town council did agree to lower the tax gap to a level that would rank us with the best in Saskatchewan. Remove 1 point per year or every other year was the plan. My view is this is not aggressive enough to place Preeceville into that “win” side for small business.  I believe removing the gap is the best strategy to build our community. As more business locate into Preeceville because of our investment to be more than competitive we will be able to maintain and build our infrastructure and most important not shift the tax onto the residential side. The Town of Preeceville is in a very good position to capitalize both the need for planned growth and a tax break for everyone. More paying into our tax needs = less funds per tax payer.

Strategy:

- No tax shifts to the residential tax payer.

- No tax gap (one time hit to our budget in 2014)

- Investment into expansion and retention instead of new Business tax breaks

- Main Street Program

- Industrial lots promote and sale of. Investment of 1.3M

- Residential Lots promote and sale of. 40 over next ten years. Investment of 750K

- True five and ten year plan

- Change our culture as a town to believe in business and the need for investment.

- Understand what we are not doing. Review and include in any and all strategy planning.

Outcomes:

Balance the needs of families that live here and the businesses servicing them.

Draft: March 2014, gh