After last week’s announcement that the provincial government is looking at changing the linear tax assessment model for oil and gas companies, Woodlands County is hoping residents will come forward to address their concerns.
Changing the linear tax assessment could lower taxes for oil and gas companies to help those still struggling to pay amid low oil prices.
Many rural municipalities, including Woodlands County, have voiced concerns that doing so will dramatically impact municipal revenues for counties, many of which are already owed taxes from oil and gas companies.
Woodlands County Mayor John Burrows says residents should be informed about the impacts and the county is reaching out to see if people would be interested in a town hall.
Burrows says the County could lose $3.1 million, or 14% of tax revenue, in 2021 if the worst-case scenario occurs. That loss would be on top of the loss in revenue the County is already facing from unpaid taxes over the last 3 years.
The Mayor says they recognize that the province has to do something to help those companies and says they are willing to work with the government on finding a solution, but municipalities must remain sustainable.
Any residents who would be interested in having a town hall meeting set up with Woodlands County council to discuss the matter are asked to contact the County Office at 780-778-8400.