Members of Quinte West’s Corporate Finance Committee 2017.(Photo/Quinte News).
It seems the City of Quinte West will follow the leads of Prince Edward County and the City of Belleville when it comes to the Commercial and Industrial Vacancy Rebate Program.
The provincial government has allowed municipalities to decide whether or not to continue the program, which provides partial rebates on property taxes when certain properties are left vacant over a long period of time.
Wednesday night, Quinte West’s Corporate Finance Committee voted to support stopping the rebates after consulting with the local business community.
Committee members believed the rebates could encourage commercial or industrial properties to remain vacant for longer periods.
Over the past few years, the rebates have cost Quinte West an average of around $75,000 a year.
A final decision will be made after the consultations are finished.
