Industrial tax base drops $2.91M
| Period | Reported figure |
|---|---|
| 2018 | $4.97M |
| 2019 | $5.26M |
| 2020 | $6.12M |
| 2021 | $6.35M |
| 2022 | $6.82M |
| 2023 | $6.96M |
| 2024 | $5.32M |
| 2025 | $5.38M |
| 2026 | $151K* |
| Contribution or change | Amount |
|---|---|
| Remaining industrial contribution | $151K |
| Recovered as Utility | +$1.56M |
| Recovered as Business/Other | +$759K |
| Total recovered through reclassification | $2.32M |
| Net mill-site loss | -$2.91M |
The former Class 4 and 5 contribution falls by $5.23 million. The same mill property now returns $1.56 million as Utility and $759,000 as Business/Other. Including $151,000 left in Class 5, the mill site contributes about $2.47 million. That leaves a $2.91 million net mill-site loss. New growth elsewhere reduces the City's overall tax-base loss to $2.44 million.
| Community | Reported figure |
|---|---|
| Courtenay | 0.3% |
| Sechelt | 0.7% |
| Campbell River | 0.9% |
| Powell River | 9.4%* |
| Port Alberni | 19.3% |
*Powell River combines Class 4 and 5 at 0.6%, plus 5.9% recovered as Utility and 2.9% recovered as Business/Other. Other communities show Class 4 and 5 only.
My takeWe have to rebuild the commercial and industrial base and be careful with every new cost.
The former Class 4 and 5 contribution falls by $5.23 million. The same mill property now returns $1.56 million as Utility and $759,000 as Business/Other. Including $151,000 left in Class 5, the mill site contributes about $2.47 million. That leaves a $2.91 million net mill-site loss. New growth elsewhere reduces the City's overall tax-base loss to $2.44 million.
- Annual trend
- Class 4 and 5 through 2025. In 2026, the bar rebuilds as the reclassified mill property is counted where it moved.
- Peer comparison
- *Powell River combines Class 4 and 5 at 0.6%, plus 5.9% recovered as Utility and 2.9% recovered as Business/Other. Other communities show Class 4 and 5 only.