Friday, January 31, 2014

Mill Settlement Reached In Terrace Bay

The town of Terrace Bay and the AV Birla Group are now at peace. They've come to a negotiated settlement on tax payments.  Mayor Jody Davis says the deal is prefered to appealing a government tax assessment  on the company's mill property which could have cost the town much more.  Davis says under the deal the company will pay just over 15 million dollars a year in taxes from 2013 until 2016.