Item - 2017.GM19.3

Tracking Status

This item was considered by Government Management Committee on April 3, 2017 and was adopted without amendment.

GM19.3 - Largest Property Tax Debtors with Tax Arrears Greater than $500,000 as at December 31, 2016

Decision Type:: ACTION

Status:: Adopted

Wards:: All

Committee Decision

The Government Management Committee received the report (March 17, 2017) from the Treasurer for information.

Origin

(March 17, 2017) Report from the Treasurer

Summary

This report provides information on property tax accounts with outstanding receivables of $500,000 or more as of December 31, 2016, and reports on the total outstanding tax receivables as at December 31, 2016.

Background Information

(March 17, 2017) Report from the Treasurer on Largest Property Tax Debtors with Tax Arrears Greater than $500,000 as at December 31, 2016
https://www.toronto.ca/legdocs/mmis/2017/gm/bgrd/backgroundfile-102103.pdf
Attachment 1 - Properties with Tax Arrears Greater than $500,000, Owned by a Corporation, as at December 31, 2016
https://www.toronto.ca/legdocs/mmis/2017/gm/bgrd/backgroundfile-102104.pdf
Attachment 2 - Properties removed from the Largest Debtor List since last report (June 30, 2016)
https://www.toronto.ca/legdocs/mmis/2017/gm/bgrd/backgroundfile-102105.pdf
Attachment 3 - Summary of Tax Receivables as at December 31, 2016 (unaudited), Compared to December 31 Tax Receivables for Years 2009 - 2015
https://www.toronto.ca/legdocs/mmis/2017/gm/bgrd/backgroundfile-102106.pdf

Motions

Motion to Adopt Item moved by Councillor Pam McConnell (Carried)