Imbert says concerns over $135.6M property tax funds ‘senseless’

For­mer fi­nance min­is­ter Colm Im­bert yes­ter­day ad­dressed con­cerns over the where­abouts of $135.6 mil­lion in prop­er­ty tax­es col­lect­ed by the State, dis­miss­ing the ques­tions sur­round­ing the funds as sense­less.

Im­bert was re­spond­ing to Prime Min­is­ter Kam­la Per­sad-Bisses­sar, who de­mand­ed that the pre­vi­ous ad­min­is­tra­tion ac­count for pay­ments made by more than 132,000 home­own­ers be­tween Feb­ru­ary 2024 and May 2025.

How­ev­er, Im­bert ex­plained that the sys­tem was de­signed so that these funds would be de­posit­ed di­rect­ly in­to the Con­sol­i­dat­ed Fund—where the State col­lects all rev­enues and oth­er monies raised or re­ceived by the Gov­ern­ment—un­til such time as lo­cal gov­ern­ment cor­po­ra­tions could col­lect the tax them­selves.