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8-The Canadian Champion, Fndcay, June 19, 1998 1j Advertisement Woolworth corporation, the New York-based specialty retailer, today announced that it will begin doing business as Venator Group, Inc. The name change to Venator Group, mec. became officiai following shareholder approval at the Company's annual meeting held at the Arsenal'Maîl in Boston, Massachusetts. The Venator Group name is inspired by a classical word for sportsman, and describes the spirit of the Company: A global team of retailers keenly attuned to how people live today, passionate about meeting their needs, and invigorated by the challenge of winning in the world's marketplace. Venator Group is a diversified global retailer that operates over 7, 100 retail stores in 12 countries in North America, Europe and Australia. Through its athletic group of specialty retail formats, including Foot Locker, Lady Foot Locker, Kids Foot Locker and Champs Sports, the Company is the world's leading provider of athletic footwear and apparel. Other specialty retail chains include Northern Group of apparel stores, Afterthoughts jewelry stores, San Francisco Music Box and Kinney family shoe stores. Taxes are due ... sometime By BRAD REAUME The Champion Property taxes are inevitable but îown counicillors vill svair 1<) dcterninncen thorhne iah1c \Ii inaIly amrve. According to Mayor Gord Krantz people are won- dering what's happening with property taxes and when those taxes will be due. He assured the public that those who haven't paid by the end of June, the traditional due date for an instaliment, will flot be in default. A staff suggestion to combine the final Iwo property tax instalîments mbt a single payment due on September 30 was rejected. Tradiiionally the final properîy tax insialiment is due ai the end of Sepiember. Members of the administration and planning com- mittee rejecied the plan, saying a large lump sum pay- ment puis too much pressure on taxpayers. According to Jim MeQueen, Milton's director of finance, specifics surrounding property taxation are highly uncertain in 1998 because of the introduction of Current Value Assessment (CVA) by the province, an undetermnined tax policy regarding potential phas- ing in of changes, and because of new computer soft- ware in Milton' -Clearly ibis is a problem we are being asked to bear even though ils caused by the province," said Councillor Brian Penman. The committee considered esiablishing iwo tax instalîments, one due ai the end of September and the other at the end of October. Mr. McQueen explained to committee members thai there would be as much as $75000 in impacts tu the Town budget under such a plan. Impacts come from reduced bank inierest because tax revenues, usually collected in June, are not on deposit collecting inierest, and by the potential need to, borrow money to make transfer payments îo sehool boards and Halion Region. The local municipalities colleci properiy taxes on behaif of those organizations, commitiee heard. Councillor John Challinor reminded commiîîee members that council put money in reserves to handle extra costs associaied with the change 10 CVA. "Its not fair 10 taxpayers 10 move forward with one instalment,' he said. "Id like to see us go to two ,"Clearly this is a problem we are being asked to bear even though it's caused by the province."1 instalîments.' While rejecting the notion of additional provincial transition grants Mr. Challinor agreed 10 hold off on bis two-insiallment plan until oiher informnation can be gathered. Currenily property taxpayers have forwarded an estimated 50 per cent of iheir 1998 taxes. With the full impact of CVA, implemented by the province, oîsly now becoming available 10 local municipalities, the exact portion of tax remaining to be paid on an indi- vidual basis is not known. Halton Region bas scheduled an informnation session for local politicians regarding tax policy and potential phasing options surrounding the new CVA sysiem. The meeting will take place on Wednesday, June 24 from 7-10 p.m. at Halton Region's administration building on Bronte Road (formerly Highway 25) in Oakville. In addition Halton wilI provide the public wiih an opporiunity to speak regarding the CVA system and preferred phase-in options the next evening, Thursday, June 25 from 4-6 p. m. and from 6:30- 10 p.m. Once these meetings have taken place the picture for tax policy will become clearer, according lu Mr. McQueen. Ai that time Milton counicillors will be in a hetter position 10 determine local instalîment dates. he said. Mr. McQueen said he wanted to remind councillors thal overaîl Milton residents will pay about $683000 less under the new CVA system. Generally Oakville residents wiIl be bearing a high- er proportion of taxes collecied in the Region. However he said industrial properiies are in line, broadly speaking, to PSY more than they have in the past. LOCATION: Holiday Inn, Oakville 590 Argus Road, Oakville DATE: July 9th, 1998 lIME: 4:00 to 6:00 pm U.S. Immigration officors are now cracking down on Canadians entering the. U.S. for business and lisure purposes as a resuit of the Ilegal Reform and Immigration Responsibility Act recently passd in the. U.S. e Business Visitor Visas e Nonimmigrant Work Visas e Managers & Executives e Investor Visas e Immigration Strategies under NAFTA e The Illegal Reform and Immigration Responsibility Act of 1996 e How to Avoid Summary Exclusion from the U.S. e How to Avoid Exclusion on the Basis of a Criminal Conviction e How to Avoid being put into Removal Proceedings e The Significance of Misrepresenting at the Border - Advance Parole into the U.S. 0 ..and other Border Crossing issues Brown Scarfone Hawkins BARRISTERS AND SOLICITORS E-Mail: speranz@rnetlflc.CG of the f ieBrown, Scoiltu Hawkins. ticensed tepractice owainsOnttioandt Ne York Stote. Mmber of Mh AMMkan Immigation toyeis Association end odmiltoilta porctios elote thm Unfted Stos court of ltteurttondl Inde. JOÏN C=ARLEy & ThE GANq EVERy IhURsdAy FOR r--, -" ý r 15 ONTARIO ST.. N., MilloN. 878.,6697I