A major blow for the City of Dryden. The Municipal Property Assessment Corporation has reassessed the value of Domtar's operations in Dryden and the new figure has come in at 14-million dollars. That's a 72-percent drop in assessed value from the previous 50-million. Dryden Mayor Craig Nuttall says they will have to go back to the drawing board with the 2013 municipal budget. The city had been hoping for an assessment in the range of 36-million dollars.Tuesday, February 5, 2013
Dryden's Money Woes Continue
A major blow for the City of Dryden. The Municipal Property Assessment Corporation has reassessed the value of Domtar's operations in Dryden and the new figure has come in at 14-million dollars. That's a 72-percent drop in assessed value from the previous 50-million. Dryden Mayor Craig Nuttall says they will have to go back to the drawing board with the 2013 municipal budget. The city had been hoping for an assessment in the range of 36-million dollars.