In 2018, the Port Hope Finance Department continued to aggressively attack the continuing tax arrears situation being experienced by the Municipality.
The work of the Tax and Revenue Manager resulted in a reduction in tax arrears of almost $1.1 million with the largest amount ($678,150)being from the 2017 tax arrears while the arrears for 2016 and older were reduced by $415,768.
The Tax Sale process is in process for those properties 2 years and older.
Funds From the Ontario Municipal Partnership Fund Reduced
With the Provinces goal of reducing expenses, the Municipality of Port Hope will likely experience a reduction in the amount received from this fund in 2019; the Municipality has received an initial amount of $47,325 against a budgeted amount of $160,905 but there is no guarantee that any further payments will be received from the Province.