Cambridge City Council has approved extending short-term economic relief measures to support residents and businesses impacted by the COVID-19 pandemic.
The City will continue waiving penalties and interest on property taxes and utility bills for the month of June 2020. These short-term measures were originally introduced on March 25, 2020.
In addition, City Council approved additional relief and support for residents and businesses including:
• Development of an application-based property tax deferral program to extend the 2020 final property tax due dates by 60 days for residents and businesses who qualify. This program is intended to give residents and businesses extra time to pay their final tax bills, if needed.
• Suspension of collection activities for water utility accounts in arrears until August 31, 2020.
• Waiving of any penalties, interest and collection activities on City property leases through to August 31, 2020.
• Waiving temporary sign permit fees until December 31, 2020 to aid businesses in their promotion efforts during the recovery phase.
This approach is consistent across area municipalities and will provide a total of 90 days of relief related to property tax and utility bills for any residents and businesses who need it. This timeframe also aligns with other provincial and federal relief programs. In total, these measures represent $1.2 million in direct, unbudgeted support by the City of Cambridge.