Municipal Act, 2001 Regulations (56/10, 57/10)
Regulation - Minister
Bill or Act:
Summary of Decision:
The Municipal Act Regulations 56/10 and 57/10 were approved by the Minister and filed on March 3, 2010.
October 29, 2010
Summary of Proposal:
O. Reg. 56/10 made under the Municipal Act, 2001, amending O. Reg. 385/98
● These amendments continue to allow municipalities to set their own transition tax ratios for 2010 to offset the impacts of reassessment, based on a prescribed formula.
● The amendments also set new transition ratios for the County of Essex and the Township of Johnson.
O. Reg. 57/10 made under the Municipal Act, 2001, amending O. Reg. 73/03
● These amendments allow municipalities to continue to apply a levy increase on restricted classes of up to 50% of the residential levy increase for 2010.
Senior Economic Analyst
Provincial Local Finance Division
Ministry of Finance
777 Bay Street, 10th Floor
Toronto ON M5G2C8
March 3, 2010