Financial Relief Program extended until January 31, 2021
Newmarket's Financial Relief Program has been extended until January 31, 2021.
Newmarket's Financial Relief Program is an extension of the preliminary measures that the Newmarket put in place in March to waive penalties and interest on the March and April property tax payments. The Financial Relief Program will include:
- No penalty and interest charges on property tax payments until January 31, 2021
- No penalty and interest charges for late payment of water/wastewater bills until January 31, 2021
- No penalty and interest charges for all Town accounts receivable including development agreements, leases and sponsorships until January 31, 2021
Penalties and interest will start accruing on February 1, 2021 and would be charged on outstanding balances as of February 28, 2021. The possibility of further extension is being considered as part of the 2021 budget deliberations by Council on December 7, 2020.