Cut to school tax, just in time for provincial election
We're hearing more now about how the Couillard government will engineer a significant school tax cut just in time for the provincial election next year.
La Presse is reporting that the cut will involve two components.
For the purposes of calculating the school tax, $25,000 will be trimmed off of the valuation of each home and commercial building. That will give property owners a break totalling more than $150-million.
A second change will level the tax rates between the anglophone and francophone school boards in any region where there is a difference between the two.
All told, up to $600-million worth of the school tax burden will be transferred from property owners to all taxpayers as the province dips more deeply into its general tax revenues to finance education.