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  • 1 year ago
With over $91M collected in property tax by the end of August, Minister of Rural Development and Local Government Faris Al Rawi says corporations should be able to do more work this fiscal year.

He was speaking to reporters at the opening of a five-day business expo being put on by Southex at Gulf City Mall in San Fernando today.

Reporter Cindy Raghubar-Teekersingh was there.
Transcript
00:00With most of government's two-month extension remaining to pay property tax,
00:05local government minister Faris Alrawi says all the taxes coming in over that
00:11time will be added to the 91 million dollars already collected and then
00:17divided across all corporations. The average request for funding from a
00:22corporation is about in the large corporations about a hundred million
00:25dollars. What do they get? They get close to 27 maybe 20 million dollars.
00:32The supplementation of that funding has in part been addressed in the budget because
00:36the Minister of Finance has informed that we collected close to 91 million
00:40dollars in property tax and that is to be distributed across the 14 corporations.
00:45He says the amount of property taxes collected in each area does not equate
00:50to the amount that particular area will receive.
00:54My arrow for instance has very few houses and a very large land area so if
00:59you only gave them what they generated it would be unfair. So there's gonna be a
01:04formula which the Minister of Finance will work out to prorate or manage how
01:09much you get because it would be unfair in some instances to deprive a less
01:15densely populated corporation of money saying well you only have ten houses so
01:19that's all you get in. However he says whatever the final allocation is it
01:24should mean more money to do more projects across communities.
01:29You can't fix a pothole with no money, you can't fix a drain, you can't fix a pavement, you
01:36can't collect and pay for garbage collection without money. So we are
01:39providing a direct linkage between the tax which was generated and giving it
01:45right back to the corporations so you can at least expect an incrementally
01:50better service.
01:51Cindy Raghuban Tika Singh TV6 News
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