KSAC gets reward for property tax collection
THE KINGSTON and St Andrew Corporation (KSAC) has been allocated $5 million this fiscal year to execute special projects.
Local Government Minister Noel Arscott said the allocation is a result of the local authority emerging the top performer in terms of property tax collection.
The Government collected $7.4 billion in property taxes last year, slightly more than the $7.2 billion which was target. But according to Arscott, $10 billion was actually because of the state.
Property taxes, Arscott stressed, is "the largest source of revenue dedicated to the ministry in providing services to the people".
"I cannot overstate the importance of property tax and in particular its contribution to public cleansing and the provision of streetlights," Arscott said.
He announced that 500 LED streetlights will be installed in various communities this fiscal year, with special consideration given to the six local authorities with the best rate of property tax compliance.
Those areas: Kingston and St Andrew, Portmore, Hanover, St James, St Mary and Westmoreland.