Fiscal Strategy (P.44-2005) - third amendments (P.44-2005Amd.(3)) – comments

Published on: 10 May 2005

Presented by: Finance and Economics Committee

Debate date: 12 May 2005

Reference: P.44/2005(Amd)(3)(Com)

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STATES OF JERSEY

FISCAL STRATEGY (P.44/2005): THIRD AMENDMENTS (P.44/2005 AMD.(3)) – COMMENTS

Presented to the States on 10th May 2005 by the Finance and Economics Committee

STATES GREFFE

COMMENTS

The Committee cannot ascertain from the Deputy 's report the specific nature of the revenue-raising proposals and how they are to be implemented.

When the States approved P.40/2004, they agreed to the introduction of an Island-wide commercial rate. The Deputy 's illustrative figure of an additional £11 million annually would represent a further increase of 140% in rates for commercial properties above the measures already proposed, which the Parishes would have to levy.