Thank you, Madam Chair. With the hospital being valued at $300 million and MACA requiring an extra $4.5 million here to make up property tax assessments, can the Minister of Finance provide me: what percentage of total property tax assessments under the grant-in-lieu program does the hospital make up to the City of Yellowknife? I hope that question was clear. Thank you.
Debates of Dec. 11th, 2019
This is page numbers 43 - 80 of the Hansard for the 19th Assembly, 1st Session. The original version can be accessed on the Legislative Assembly's website or by contacting the Legislative Assembly Library. The word of the day was going.
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Caroline Wawzonek Yellowknife South
Thank you, Madam Chair. I do think the question is clear. It is the percentage total that the Stanton Territorial Hospital is in the entirety of all grants-in-lieu paid by MACA to the City of Yellowknife. The Member is nodding his head, Madam Chair, so I am going to continue.
Madam Chair, I am not sure if this is procedurally allowed, but I suspect we might be able to do the math on that. We just can't do it in this moment. I take it back, Madam Chair. I am told that it is 57 percent of the total grants-in-lieu paid to the City of Yellowknife.
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Rylund Johnson Yellowknife North
Thank you, Madam Chair. We have a $300 million new hospital. The City of Yellowknife assesses it. We agree with that assessment. We pay this $3.5 million. What I am looking for is can I get a sense of: is this now an ongoing $3.5 million? I don't have an understanding of a hospital's value. Is this a depreciating asset? Will we continue to have this $3.5 million? Thank you, Madam Chair.
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Caroline Wawzonek Yellowknife South
Thank you, Madam Chair. Similar to taxes, it is an ongoing obligation to pay. We would be certainly subject to changes in year-over-year mill rates as would any other property assessment. Essentially, it is a tax owing and will be due year over year, subject to a new assessment.
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Rylund Johnson Yellowknife North
Thank you, Madam Chair. One final question: is this the largest asset presently owned by the GNWT?
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Kevin O'Reilly Frame Lake
Thanks, Madam Chair. I'll try to be quicker this time. Can someone tell me: the $3.5-million amount, does that include school taxes?
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Kevin O'Reilly Frame Lake
Thanks, Madam Chair. Of the $3.5 million, how much is made up of school taxes? Thanks, Madam Chair.
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Caroline Wawzonek Yellowknife South
[Microphone turned off] turned out to in fact have somebody find it. I am delaying somewhat in trying to look quickly, but I don't remember [microphone turned off] in one of the charts provided at Tab 1 that we provided to the committee yesterday. I don't know if Members have this with them or not.
Madam Chair, I would prefer to just commit to getting that to them rather than trying to see whether or not I have it correctly. It is better that I give correct and accurate information to the Member. Certainly, that information can be made available.
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Kevin O'Reilly Frame Lake
Thanks, Madam Chair. I thought this was going to be a little easier than it is. I am looking at the information that was provided to us, and it doesn't jive with what the Minister has told us. The amount on the table that she is referring to is different than the number that she has given to us in her opening remarks. Is there some way where I can get it clarified what the actual amount is and how much was actually paid in school taxes? Thanks, Madam Chair.
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Caroline Wawzonek Yellowknife South
Thank you, Madam Chair. I am going to ask Mr. Koe to explain that, please.