On Monday council agenda there is a report recommending a COVID-19 tax deferral program effective for 2021. As reviewed in the report the concept is that those property owners who have suffered financial hardship due to COVID-19 can apply for relief in terms of property tax payments; specifically, assuming application for such and that it is approved the property owner can defer payment of taxes till December 31, 2021 and not incur the standard 1.25% interest rate. I think this proposal is entirely appropriate and I am glad that we have managed our finances such that we do have reserves to cover impact on our budget. My only question is about the criteria for approval; Iwould like to understand how assessment of the need is determined i.e. that there is financial hardship due to COVID-19.  To see this report and its appendix see the meeting agenda and scroll down.

https://king.civicweb.net/FileStorage/B533B32A1FB84A4596C98AD83C346D4F-FR-2021-19%20-%202021%20Tax%20Rates%20and%20Tax%20Billing%20-%20Appe.pdf