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Federal Budget 2012


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#1 Sparky

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Posted 18 March 2012 - 08:50 PM

It's coming down on March 29 of this year.

It will be a double edged sword. It will reduce expenditures, sell underutilized property, and it will eliminate jobs. The Department of National Defense cuts will most likely affect the Victoria area.

It has aleady started to happen with the elimination of the blue boat.

#2 Mike K.

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Posted 19 March 2012 - 09:06 AM

The feds/military control huge swaths of land around Victoria's harbour that are sitting underutilized. It would be wise to start expending the properties and buffering the public coffers.

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#3 spanky123

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Posted 19 March 2012 - 09:35 AM

If there are land that are unused and have no likelihood of being used then I have no problem monetizing that. What I don't agree with is using the money to fund a current deficit. That is not solving any problems and is only a band aid that once used is never available again.

#4 Mike K.

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Posted 19 March 2012 - 09:58 AM

True, but aside from the monies directly recovered by the feds, the tax revenues for municipalities once this land is sold for commercial/residential development would help local governments offset the decreasing federal and provincial aid.

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#5 SamCB

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Posted 19 March 2012 - 11:07 AM

As a non-military worker living in Esquimalt, I can't wait for some of that prime real estate to be sold off and developed appropriately. The military family housing by the base looks like a native reserve. In my opinion the crappiness of the land use near the base is 50% of what makes Esquimalt so dumpy. Thank goodness for the anonymity of the internet because I'd never get away with saying this in public.

#6 maniac78

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Posted 19 March 2012 - 02:06 PM

Rumor has it that the biggest cuts will be to full time class B reservists. I've never understood why there are full time class B reservists who've been on the job for over a decade in the first place. It's supposed to be a temporary deal.

#7 spanky123

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Posted 19 March 2012 - 02:13 PM

True, but aside from the monies directly recovered by the feds, the tax revenues for municipalities once this land is sold for commercial/residential development would help local governments offset the decreasing federal and provincial aid.


Good point Mike. I was assuming that the munis get paid taxes on the land now. Are the feds in fact exempt or are you suggesting that once the land is improved the taxes will increase?

#8 Bernard

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Posted 19 March 2012 - 02:32 PM

Good point Mike. I was assuming that the munis get paid taxes on the land now. Are the feds in fact exempt or are you suggesting that once the land is improved the taxes will increase?


The federal government pays no property taxes, they do make grants in lieu of taxes but these have no connection with municipal mill rates and very little connection to the value of the land.

#9 sdwright.vic

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Posted 19 March 2012 - 09:26 PM

As a non-military worker living in Esquimalt, I can't wait for some of that prime real estate to be sold off and developed appropriately. The military family housing by the base looks like a native reserve. In my opinion the crappiness of the land use near the base is 50% of what makes Esquimalt so dumpy. Thank goodness for the anonymity of the internet because I'd never get away with saying this in public.


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