LETHBRIDGE: The Canadian Federation of Independent Business has plans to sit down with our new mayor and city council after they're sworn in, bringing forward concerns over property taxes in Lethbridge.
Earlier this week the Alberta director of the CFIB stated that the gap between business and residential property taxes is too high in our city, with businesses paying over two and a half times more. Richard Truscott added that it was keeping Lethbridge from becoming a go-to location for new businesses in Alberta.
Despite being brand new to the job, Mayor Elect Chris Spearman noted that he does have a few ideas he wants to bring forward, and that he wants to make Lethbridge as business friendly as possible.
That said, Spearman was quick to offer a few words of caution, "We want to be sure that when we make any changes that we don't upset the apple cart, we want to make sure as we go forward that we're fair to residential people as well as business people. What we don't want to do is be forcing seniors out of their homes because their tax rates go up more significantly than the rate of inflation."
Spearman continued that he's more than happy to hear all suggestions, "I'm certainly open to ideas and we're going to explore the options when it comes to the budget process, but at this time we shouldn't expect any dramatic changes. Certainly we'll receive input from groups like the CFIB, and we will look at those issues very seriously."
Spearman and the new council will be sworn in Monday.