Energy Minister Conrad Enill yesterday apologised for an error he made when he said last Friday that the anticipated revenue from property taxes was $72 million. Enill also stated then that the tax was more of a revenue-reducing measure than a revenue-raising measure.

Independent Senator Basharat Ali raised the issue yesterday, pointing out that Enill’s figures conflicted with those given by Finance Minister Karen Nunez-Tesheira.

Speaking after Ali, Enill said that upon checking the Review of the Economy the $72 million he referred to related to the fiscal year 2009. He said the revenue expected from property tax for 2010 was $325 million.

’What I would like to put on the record is that there is no one billion dollar (revenue) activity taking place... It is $325 million. So I wish to sincerely apologise to this House for that error. It was done with no bad intention. It was simply an error in the Review that I have looked at and (Senator Ali) having brought it to my attention I wish to correct it,’ he said.