City Hall says more money coming in than expected
City Hall has collected more tax revenue than it expected to have at this point.
The deadline to pay city property taxes had already been extended from the end of June to the end of August because of the COVID-19 pandemic.
Director of Corporate Services Shane Bourke says the city has collected about half what would come in normally, adding that the City has not had to access a $35-million line of credit with the bank, which was previously approved by council.
“The line of credit was really just protection to manage our cash flow. It will save us interest costs. We’re very appreciative that the residents of Grande Prairie who are able to pay their taxes have been doing that. It ensures the continuation of services that are important to all residents continues uninterrupted.”