872 replies to this topic

[Victoria Watcher]

Langford staff say keeping the property tax low during the height of COVID-19 was a good decision at the time, but now a higher tax increase is needed to keep pace with the rapidly growing city.

 

As the city undergoes its annual property tax rate discussion, staff came forward with a budget that would see an 11.94 per cent increase, which has since grown to a 12.41 increase due to troubles facing the Westhills YMCA-YWCA.

 

The former mayor and council signed an agreement with the YMCA-YWCA that if it were to default on its lease, the city would be required to assume the lease. As a result, city staff recommended approving the additional funding to keep the recreation centre afloat.

 

 

https://www.cheknews...crease-1149850/

[Ismo07]

 

The former mayor and council signed an agreement with the YMCA-YWCA that if it were to default on its lease, the city would be required to assume the lease. 

 

 

Yikes, hard to foresee what happened...

[Victoria Watcher]

Langford council approves financial plan with record-high tax increases

 

Taxpayers in the growing West Shore city will see their property taxes rise 12.41% this year, in part to pay for new police officers and firefighters, additional city staff and a new RCMP headquarters

 

https://www.timescol...creases-6943178

 

 

 

 

Taxpayers in the growing West Shore city will see their property taxes rise 12.41% this year, with projections of 11.68% in 2024 and 9.5%, 9% and 8.44% in subsequent years.

Edited by Victoria Watcher, 03 May 2023 - 08:57 AM.

[Victoria Watcher]

Victoria's seeks balance and limiting pain with its budget; 6.15% residential tax increase

6.15% increase property tax increase for residents and businesses, and 37% for industry

 

 

The spending includes:

 

• $3.1 million for city-wide and area-based planning, housing, development approvals, climate action, urban design, heritage, social planning and equity, and tenant assistance.

• $22.1 million for multi-modal corridor improvements to support road safety, walking, cycling, transit, liveability and accessibility.

• $2.1 million to renew aging park infrastructure like washrooms, fencing, irrigation, furniture, signage, pathways, lighting and drinking fountains.

• $1.8 million to restart the Crystal Pool replacement project.

• Nearly $1 million to be invested in a downtown revitalization program.

• $46.2 million to rehabilitate Victoria’s underground infrastructure.

• $11.7 million for road restoration and rehabilitation.

 

https://www.timescol...ncrease-6964435

[Mike K.]

It took eight years to believe we needed to change course on downtown?

The damage has been done.

Yesterday I saw a man defecating completely out in the open, not a care in the world. And nobody around who did care. What downtown needs is a restoration of law and order, to be honest, not a quick bondo job.

[Victoria Watcher]

Early budgeting in Saanich a 'shocker,' signals possible big tax jump

Tax increase for 2024 could be more than 8%

https://www.timescol...ax-jump-7513511



And it’s mostly all labour costs. Why should that come as a “shock”? Saanich decides how many people they employ. And it’s decided well in advance what people will be paid.

Edited by Victoria Watcher, 07 September 2023 - 04:28 AM.

[Victoria Watcher]

Some Osoyoos, B.C., residents are facing a higher-than-normal hike in taxes and fees for next year.

 

Municipal taxpayers recently received a letter in the mail outlining the significant increase, which came as a bit of a shock for Osoyoos resident Ron Sargeant.

 

“Me and my wife were quite shocked because we are both under the impression that it would be 24 per cent. We were under the impression 13-per cent interest increase on property tax with a 10-per cent interest increase on water and sewer,” said Sargeant.

 

“We did not have an opportunity to talk to our government to find out where the money is going, what they’re doing with it. We understand where the services are coming from and I’m fully behind charging for water and sewer, but not 40 per cent all at once.”

 

 

https://globalnews.c...acing-tax-hike/

Edited by Victoria Watcher, 24 November 2023 - 04:56 AM.

[Mike K.]

Economists saying without Trudeau’s carbon tax, our inflation would ge in the mid 2’s, right in line with targets, and right in store for an interest rate reduction.

Trudeau now wants to introduce carbon taxes on Ukraine support measures.

[Tony]

Is the carbon tax causing inflation in Canada? Another point of view.

 

 

“But it's surprising and it's wonderful because if we actually listened to what the governor of the Bank of Canada said, he said the carbon pricing was contributing 0.15 per cent to inflation, and that cutting carbon tax would have … no long-term effect on inflation and no effect past that one year,” said Noormohamed.Oct 31, 2023

What is causing inflation in Canada?

 

 

He added other reasons for increased inflation rates are the rising price of gas, as well as increasing mortgage interest costs. “Mortgage interest costs are rising, because interest rates are rising, because the Bank of Canada is increasing rates to try to get inflation down,” he explained.Sep 19, 2023

 

 

[dasmo]

Basic economics are at play. Print trillions of dollars with little production and you debase the currency causing inflation. They are not all idiots so it has to be lying. More money was created in the last three years than has ever existed and we didn’t even build a new hospital….

I do love the presentation that inflation is caused by rising interest rates that are rising to fight inflation. That’s perfect!

[dasmo]

I take it back. Idiots is n the table.

[Mike K.]

Is the carbon tax causing inflation in Canada? Another point of view.







“But it's surprising and it's wonderful because if we actually listened to what the governor of the Bank of Canada said, he said the carbon pricing was contributing 0.15 per cent to inflation, and that cutting carbon tax would have … no long-term effect on inflation and no effect past that one year,” said Noormohamed.Oct 31, 2023
What is causing inflation in Canada?









He added other reasons for increased inflation rates are the rising price of gas, as well as increasing mortgage interest costs. “Mortgage interest costs are rising, because interest rates are rising, because the Bank of Canada is increasing rates to try to get inflation down,” he explained.Sep 19, 2023

Macklem just said carbon taxation is 0.60% of the inflation figure.

[dasmo]

“Boosted by .6%” means inflation of 3.2% is increased by 20% to 3.8% by the carbon tax.
How to lie with statistics.

[dasmo]

If I gained 20% in my weight I would go from doughy to fat.

[Mike K.]

He is saying that without the carbon taxes, it would be 3.2% rather than 3.8% if using an inflation rate of 3.8% at the time of that announcement.

[lanforod]

Thats significant. Especially compounded every year, and its escalating every year.

[dasmo]

He is saying that without the carbon taxes, it would be 3.2% rather than 3.8% if using an inflation rate of 3.8% at the time of that announcement.

Exactly. It’s increasing the inflation rate by 20%.

[Matt R.]

3.8% haha. Good one.

[dasmo]

3.8% haha. Good one.

Ya….also true.

[TimM]

It took eight years to believe we needed to change course on downtown?

The damage has been done.

Yesterday I saw a man defecating completely out in the open, not a care in the world. And nobody around who did care. What downtown needs is a restoration of law and order, to be honest, not a quick bondo job.

Exactly why I try to avoid downtown and spending any money in the City of Victoria including any of its businesses.  Lots of great businesses in the other municipalities that want and earn my business, all with free parking