Lafarge closure means no relief for Domtar, Tolko tax bills

Apr 13, 2018 | 4:31 PM

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.