Tue | Nov 30, 2021

$1.56 billion in property taxes collected by KSAC last fiscal year

Published:Friday | April 11, 2014 | 2:43 PM

Mayor of Kingston, Senator Angela Brown-Burke, is reporting that the Kingston and St Andrew Corporation (KSAC) collected $1.56 billion in property taxes during the last fiscal year.



She says this represents 95 per cent of the target for the 2013-2014 financial year.



Senator Brown-Burke said this also left a shortfall of about $81.25 million.



Speaking at this week’s monthly meeting of the KSAC the Kingston Mayor noted that the majority of the property taxes collected came from St Andrew.



Meanwhile, Senator Brown-Burke disclosed that the KSAC recorded $394.67 million in revenue during the last fiscal year.



She said this represented 94 per cent of the budgeted target of $418.93 million.



The Kingston Mayor said the KSAC is working to reduce its debt of $25.6 million.



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