Ontario Chamber of Commerce

Ontario Chamber of Commerce

October 31, 2008 12:45 ET

CORRECTION FROM SOURCE-Ontario Chamber of Commerce

In c3683 issued today at 12:17e an error occurred in the second paragraph. "provincial tax base" should have read "property tax base".

Corrected copy follows:

New Municipal-Provincial agreement represents significant progress

TORONTO, ONTARIO--(Marketwire - Oct. 31, 2008) - The agreement announced today between the municipalities of Ontario and the provincial government is a significant step in the right direction, according to Ontario's Business Advocate, and particularly noteworthy considering the current pressures on provincial revenues.

"The ten year plan announced today to upload 1.5 billion in social assistance benefits and court security costs from the municipalities will go a long way to easing the burden on the property tax base, and addressing the long held concerns of our members," explains Len Crispino, President & CEO of the Ontario Chamber of Commerce. "Today's progress is even more significant because it represents a major step forward despite the challenges presented by today's economic climate."

The Ontario Chamber of Commerce will continue to work with the government to address any outstanding property tax issues so as to continue to build a stronger province and municipal-provincial framework.

The OCC represents over 60,000 businesses through 160 local Chambers of Commerce and Boards of Trade, and has been Ontario's business advocate since 1911. Its advocacy and policy initiatives focus on six areas key to the economic well-being of the province: health; education; energy; finance & taxation; transportation & infrastructure; and border issues.

Contact Information

  • Ontario Chamber of Commerce
    Amy Terrill
    W: (416) 482-5222, ext. 241 or C: (416) 605-8205
    amyterrill@occ.on.ca