Town OKs CRL bylaw; awaits provincial cash

Town council approved the Community Revitalization Levy (CRL) bylaw during a special meeting Nov. 29, paving the way for the municipality to retain $13 million from the province for capital projects in Cochrane’s downtown core.

The CRL is a one-time opportunity for the town to redirect the education portion of collected property taxes to enhance a specific CRL area. These funds would otherwise be seized by the province in the form of an education tax, but if utilized properly would instead be targeted to support the cleanup and redevelopment of ‘brownfield sites.’

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