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Town of Hearst losing $200,000 due to COVID-19 but taxes still being paid

It’s not been easy on any of us during this COVID-19 emergency, especially municipalities. Town of Hearst CAO Yves Morrissette says they have lost about $200,000 in revenue due to events that were cancelled.

“When we closed the recreation centre in mid-March we still had 3 to 4 major tournaments that were supposed to take place,” he said. “That’s where most of the lost revenue came from.”

One area where the Town of Hearst is still getting revenue is taxes and COVID-19 hasn’t stopped anyone from paying them. Morrissette says that they’ve had about a 90 per cent tax recovery rate.

“We have seen many residents and property owners convert their taxes into monthly payments,” he said. “That was an option approved by town council last year.”

 

 

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