Last month the Chamber issued a media release, following the release of a report by the Canadian Federation of Independent Business that indicated Prince Albert has a ratio of commercial to residential property taxes of 3.86 to 1, the highest ratio of any city in Saskatchewan.
As a Chamber, we are particularly interested in the City’s competitiveness, which will affect Prince Albert’s ability to attract new business and retain and grow existing businesses. Mayor Greg Dionne mentioned in his ‘State of the City’ address on January 25, that reviewing the commercial tax rate is on his agenda.
The Prince Albert and District Chamber of Commerce and its members understand that tax reform does not happen overnight. However, we encourage the formulation and implementation of a comprehensive, written plan to make commercial tax rates more competitive over the next three to five years.
Prince Albert’s commercial tax structure needs to become more competitive so that existing businesses can prosper and new businesses are encouraged to locate here.