| FACT FILE | |
| Tax Arrears of $30,000 and up at March 31/98 | |
| Gold Range Investments Ltd. | $630,460.46 |
| Inukshuk Housing Co-op Ltd. | $262,357.87 |
| Mike Walcer | $140,695.77 |
| Robert Morris and Laura Comishen | $110,900.37 |
| Clem Paul | $108,996.90 |
| Northern Enterprises 1990 Ltd. | $86,396.34 |
| Fred and Diane Edgar | $82,472.66 |
| George McLaughlin | $67,694.15 |
| Char Developments Ltd. | $66,359.40 |
| George Brown | $63,444.03 |
| Cory and Pauline Wong | $56,029.77 |
| Michael Magrum | $51,008.86 |
| 913046 NWT Ltd. | $43,755.12 |
| 953702 NWT Ltd. | $43,440.31 |
| Alex and Louise Debogoroski | $40,156.72 |
| John Rocher | $38,691.01 |
| Deton'Cho Corporation | $36,309.39 |
| Spur Aviation Ltd. | $35,654.73 |
| Bing Brown | $33,553.07 |
| 892536 NWT Ltd. | $33,360.14 |
| F. Drybone | $30,927.34 |
| Polar Parkas | $30,687.77 |
| Source: Yellowknife City Hall | |
Debts compounded by city's high interest rates
by Richard Gleeson
Northern News Services
NNSL (May 01/98) - Property tax arrears rose by 25 per cent last year, according to the city's audited financial statements.
As of March 31 this year, Gold Range Investments -- owner of the Gold Range Hotel, the Gallery and The Cave Club among other assets -- had the biggest tax debt, $630,460.
City tax arrears gain momentum the longer left unpaid. The city charges 1.8 per cent interest each month on unpaid taxes. Taking compounding interest into account, that works out to 24 per cent annually.
As of Dec. 31, 1997, the city was owed $4.9 million in property taxes, up from $3.9 million the previous year
