Cinnamon
Active Member
Oh, that 94 cents.... there is a good Rob Ford story behind that one too...
The Star, Published on Tue Apr 02 2013:
A confidential staff report going to city council Wednesday says Ottawa owes the city about $31 million in payments in lieu of property taxes on the island airport, covering 1999-2012.
The report, according to a source who has read it, states the Toronto Port Authority (TPA) has already paid $2.5 million and proposes to pay another $2.77 million, for a total of $5.27 million. The city would essentially write off the remaining $26 million.
In its proposed settlement, the port authority wants to pay the city 94 cents per air passenger, for an estimated total of $13.77 million between 2013 and 2021. The report notes that the port authority has increased its offer from 80 cents per passenger.
The Star, Published on Tue Apr 02 2013:
A confidential staff report going to city council Wednesday says Ottawa owes the city about $31 million in payments in lieu of property taxes on the island airport, covering 1999-2012.
The report, according to a source who has read it, states the Toronto Port Authority (TPA) has already paid $2.5 million and proposes to pay another $2.77 million, for a total of $5.27 million. The city would essentially write off the remaining $26 million.
In its proposed settlement, the port authority wants to pay the city 94 cents per air passenger, for an estimated total of $13.77 million between 2013 and 2021. The report notes that the port authority has increased its offer from 80 cents per passenger.