In c3683 issued today at 12:17e an error occurred in the second
paragraph. "provincial tax base" should have read "property tax base".
Corrected copy follows:
New Municipal-Provincial agreement represents significant progress
TORONTO, Oct. 31 /CNW/ - The agreement announced today between the
municipalities of Ontario and the provincial government is a significant step
in the right direction, according to Ontario's Business Advocate, and
particularly noteworthy considering the current pressures on provincial
"The ten year plan announced today to upload 1.5 billion in social
assistance benefits and court security costs from the municipalities will go a
long way to easing the burden on the property tax base, and addressing the
long held concerns of our members," explains Len Crispino, President & CEO of
the Ontario Chamber of Commerce. "Today's progress is even more significant
because it represents a major step forward despite the challenges presented by
today's economic climate."
The Ontario Chamber of Commerce will continue to work with the government
to address any outstanding property tax issues so as to continue to build a
stronger province and municipal-provincial framework.
The OCC represents over 60,000 businesses through 160 local Chambers of
Commerce and Boards of Trade, and has been Ontario's business advocate since
1911. Its advocacy and policy initiatives focus on six areas key to the
economic well-being of the province: health; education; energy; finance &
taxation; transportation & infrastructure; and border issues.
For further information:
For further information: Amy Terrill, Ontario Chamber of Commerce, W:
(416) 482-5222, ext. 241, C: (416) 605-8205, email@example.com