Friday, December 07, 2007

HARMAC PULP MILL ASKS FOR TAX REDUCTION

ASKS NANAIMO CITY TO REDUCE TAXES BY 50%

It is reported in the local press that the management of financially troubled Harmac pulp mill have asked the City of Nanaimo to consider reducing their taxes by 50%.
Mayor Korpan is quoted as saying the city could not reduce one taxpayers rate without reducing all by the same amount. Other comments reported speculate that the tax reduction of nearly $2 million would neither make nor break the troubled industry.
In the meantime, another 26 workers have been laid off at the mill as they try to restructure their finances. It is also reported recently that a potential buyer was in town looking at the mill.
If the mill should close, it would be a huge impact on the local economy as all of the 500+ jobs are high paying jobs, and the mill contributes nearly $4 million dollars in local taxes.

allvoices

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