$2.8 billion shortfall in property tax, Arscott appeals to delinquents
Local Government Minister Noel Arscott has revealed that there is a $2.8 billion shortfall in property tax collection for the current fiscal year.
As a result, Arscott has made an urgent appeal for delinquent property owners to come forward and settle their arrears.
He says this will ensure that this year’s target of $7.2 billion is met.
Speaking on Thursday at the press launch of Local Government and Community Month 2014, Arscott the money collected through property tax will enable the Government to deliver important service at the local level.
Meanwhile, the minister said the proposal for a programme to provide and install streetlights that will save the country some $1 billion annually is with the Ministry of Finance and Planning for approval.
The programme will see street lights being retrofitted to the more efficient LED lights, which can result in immediate savings of 60 to 70 per cent.
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