No action on MPAC reassessments, Mantha complains

During question period yesterday, Algoma-Manitoulin MPP Michael Mantha raised concerns about MPAC's reassessment system and the effects reassessments are having on small communities, an NDP news release states.

“Several months ago, the Assessment Review Board ruled that the town of Espanola must pay $4 million following a property reassessment of its Espanola mill,” he said. “Months ago, the Minister of Finance said they were aware of the situation and were looking into a solution.”
 
Mantha explained that communities like Espanola depend on MPAC property tax assessments to set municipal budgets.

When assessments are retroactively reassessed, town budgets are left with massive shortfalls, and local residents may be asked to make up the difference.

“The government has had much time to think about this issue,” said Mantha. “Will this government commit to finding actual solutions in a timely fashion before municipalities are forced to put the unfair tax burden on the backs of hard-working Ontarians?”