Lafarge closure means no relief for Domtar, Tolko tax bills
Apr 13, 2018 | 4:31 PM
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KAMLOOPS — The city’s two heavy industries will see their tax rates remain steady this year, despite Kamloops council’s desire to see the rates drop.
In a report to council, city staff review a policy passed in 2017 that heavy industrial companies would have their tax hits capped at a combined $6.2 million.
But because of last year’s closure of Lafarge, the tax rate won’t have to dip and revenue from the other two companies — Domtar and Tolko — will remain under that limit.
The mill rate for heavy industry in Kamloops will remain at 73.34, as it was last year.
