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North Vancouver District Seeks Tax Fairness
Description
The District of North Vancouver is advocating for a change in provincial law, as they believe its costing them millions in lost tax revenue. This law, enacted in 2004, caps tax assessments for certain waterfront industrial properties, leading to an estimated annual loss of $4.6 million. The district argues this is unfair to local taxpayers and hinders their ability to fund essential services. Theyve voted to ask the Union of B.C. Municipalities to join their efforts to repeal or amend this legislation.
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