They say you can’t fight city hall, but Essar Steel Algoma did and won to some extent.
A Judge has accepted the position of a court appointed monitor citing the company can not pay city taxes because it doesn’t have the money.
The Company owed the city over $14 million in back taxes prior to it seeking CCAA protection in November 2015.
The court ruling means the Essar Steel doesn’t have to start paying its taxes until the company comes out of CCAA protection – which has also been extended.
The company’s tax bill for this year was about 7 million, leaving city coffers short this year.