Government exceeds property tax revenue collection target
The Local Government Minister is reporting that his Ministry has exceeded its revenue target for property taxes.
Noel Arscott told the House of Representatives yesterday that at the end of the financial year on March 31, the government collected $7.447 billion in property taxes.
This is almost $190 million more than the $7.26 billion target.
The local government minister, who was making his contribution to the Sectoral Debate, said his ministry is encouraged by the revenue collected.
Meanwhile, Arscott said 500 LED-powered streetlights will be installed across various communities in the six areas with the best property tax compliance rate.
They are Kingston and St Andrew, the Portmore Municipality in St Catherine, Hanover, St James, St Mary and Westmoreland.
The local government minister said $5 million will be given to the Kingston and St Andrew to undertake special projects as a reward for being the top performer.