01 Oct City’s financial position is on solid ground
FOR IMMEDIATE RELEASE
October 01, 2020
The City of West Kelowna’s financial position remains on solid ground thanks to property owners submitting their tax payments on time and strong financial management. The property tax penalty deadline was extended to Sep. 30, 2020 to minimize the financial hardship during COVID-19 pandemic to pay on the original tax deadline of July 2, 2020.
“I understand how challenging the pandemic has been to our daily lives and I am thankful to our residents and business owners for helping to keep our financial position strong,” said Mayor Gordon Milsom. “We recognized in the early days of the pandemic that we needed to do what we could by reducing the property tax rate from 4.8 percent to 2.8 percent, lowering interest charges on utility bill payments and pausing projects as a way to provide relief during this challenging time.”
Property tax payments collections have reached 97.2 per cent, which keeps within typical previous years, and utility payments also remain on par.
“We responded early to make adjustments to operations and balance our service delivery to our city,” said Chief Financial Officer, Warren Everton. “We are seeing revenues such as utility payments remain consistent and recreation programming continues to be stable as the Province’s Return to Sport Phase 3 is implemented.”
Visit westkelownacity.ca/budget for more information.
Submit a service request here: https://forms.westkelownacity.ca/Service-Request