Its one of the big items that a new Kamloops Council will have to tackle after the October 20th election.
Chief Administrative Officer David Trawin says, plans by council to lower the tax rate for large industry may be derailed.
“I know one thing which is probably in jeopardy now is. You know, we are expecting anywhere between eight hundred and a million dollars a year in taxes from the Kinder Morgan pipeline if it was ever built and that would have went towards reducing heavy industry tax. Which again, helps those heavy industries which are a lot of good paying jobs which have a lot of spin-off and is very important to the economy.”
Any further efforts to reduce the heavy industry tax rate may require more of a shifting of the burden to other groups, such as the residential.