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Port Moody maxes utility rates after losing Burrard Thermal tax battle with BC Hydro
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Port Moody maxes utility rates after losing Burrard Thermal tax battle with BC Hydro
photo Niall Williams Port Moody city council has moved to shore up its finances after losing a long-running tax battle with BC Hydro over the decommissioned Burrard Thermal Plant site. On Oct. 28, council voted unanimously to raise the city’s utility tax rate to the provincial cap, a measure meant to recover some of the revenue lost after the province’s power authority succeeded in reclassifying much of its former plant site to a lower-taxed cat…
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