Kelowna City Hall. (Michael Rodriguez - Capital News)

City of Kelowna expecting $1M revenue hit due to tax and fee changes

The city is expecting around $850,000 decrease in property tax revenue, more from other fee changes

Due to measures taken to reduce financial impacts on residents amid the COVID-19 pandemic, the City of Kelowna is expecting to take a revenue hit.

The city’s revenue could be nearly $1 million less than expected, according to a report headed to council on April 27.

“Financial impacts include reductions in the anticipated receipt of the budgeted amount of $850,000 in property tax penalty revenue, the $85,000 in utility billing interest charges, $45,000 in accounts receivable interest and will need to cover the costs of a portion of the returned cheques $10,600,” reads the report.

Council asked staff earlier this month to bring forward three bylaws amendments to ease the financial burden on residents. Those include bylaws to waive interest charges on utility bills from April 27, 2020 to August 31, 2020; waive returned payment fees from April 27, 2020 to August 31, 2020; and defer the application of the 10 per cent property tax penalty from July 2, 2020 to September 1, 2020.

The province has also extended the property tax penalty date for businesses to Oct. 1.

Council will give the bylaws all three readings and adopt them Monday to implement the changes immediately.

The final budget, headed to council on May 4, will reflect the reduction in anticipated revenues.

READ MORE: ‘Strong opposition’ from Peachland council to new work at Brenda Mines site

READ MORE: Man charged with evading West Kelowna RCMP in stolen vehicle granted bail due to COVID-19


Like us on Facebook and follow us on Twitter.

City of KelownaCoronavirus

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Reconsider downtown Vernon OD prevention site: city council

Several members of council voiced concerns about Interior Health’s expansion

Lumby Fire Department upgrades vehicle fleet

Out is the old bush truck, complete with homemade solutions, and in is a new vehicle

Tagging Suicide Hill in Vernon in lieu of grad party?

City councillor pitches idea to revive old tradition amid COVID-19 pandemic

Motorcycle vs. vehicle on Vernon highway

Fire crews, ambulance and police on scene at 32nd Street and 43rd Avenue intersection

North Okanagan campers trashing rules

Campers still pitching tents, and leaving garbage, despite sites not being open until June 1

B.C. records no new COVID-19 deaths for the first time in weeks

Good news comes despite 11 new test-positive cases in B.C. in the past 24 hours

Peachland recovery task force proposes larger patios

Several initiatives proposed by the Peachland COVID-19 recovery task force will go to council tonight

Fatal motorcycle crash on Highway 97 near Summerland

The incident involving a motorcycle happened just before 4 p.m.

BC Corrections to expand list of eligible offenders for early release during pandemic

Non-violent offenders are being considered for early release through risk assessment process

Fraser Valley driver featured on ‘Highway Thru Hell’ TV show dies

Monkhouse died Sunday night of a heartattack, Jamie Davis towing confirmed

B.C. visitor centres get help with COVID-19 prevention measures

Destination B.C. gearing up for local, in-province tourism

36 soldiers test positive for COVID-19 after working in Ontario, Quebec care homes

Nearly 1,700 military members are working in long-term care homes overwhelmed by COVID-19

B.C. poison control sees spike in adults, children accidentally ingesting hand sanitizer

Hand sanitizer sales and usage have gone up sharply amid COVID-19 pandemic

Most Read