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CoV 2017 Draft Budget released

CoV Budget 2017 Victoria Draft

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#1 sebberry

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Posted 10 November 2016 - 12:37 PM

http://www.victoria....ity-budget.html

 

Up, up and away!

 

 


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#2 Mike K.

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Posted 10 November 2016 - 02:16 PM

3% jump. With things going the way they are, we'll be 10% from where we are now within three years.


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#3 VicHockeyFan

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Posted 10 November 2016 - 02:20 PM

Right.  And why a 3% jump?  Just because that sounds like a palatable number?


<p><span style="font-size:12px;"><em><span style="color:rgb(40,40,40);font-family:helvetica, arial, sans-serif;">"I don’t need a middle person in my pizza slice transaction" <strong>- zoomer, April 17, 2018</strong></span></em></span>

#4 J_Loveday

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Posted 10 November 2016 - 04:43 PM

There's considerable support on Council for reducing the tax increase in the final version of the budget.  If you think that should be a priority for Council I encourage you to provide input and participate in the town hall. I agree that the increase is too much.    


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#5 VicHockeyFan

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Posted 10 November 2016 - 05:01 PM

There's considerable support on Council for reducing the tax increase in the final version of the budget.  If you think that should be a priority for Council I encourage you to provide input and participate in the town hall. I agree that the increase is too much.    

 

Let's push it under 2%.


<p><span style="font-size:12px;"><em><span style="color:rgb(40,40,40);font-family:helvetica, arial, sans-serif;">"I don’t need a middle person in my pizza slice transaction" <strong>- zoomer, April 17, 2018</strong></span></em></span>

#6 J_Loveday

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Posted 10 November 2016 - 08:32 PM

Historic interest rate increases for your reference:

 

2001     2002    2003      2004     2005      2006      2007     2008      

4.82%  3.96%  5.98%   4.95%   3.73%   3.50%   3.69%   5.47%                               

 

 2009    2010      2011       2012      2013      2014     2015       2016

 4.84% 4.31%    3.96%    3.25%    3.25%   2.51%   2.23%    2.31%


Edited by J_Loveday, 10 November 2016 - 08:49 PM.


#7 Bingo

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Posted 10 November 2016 - 08:33 PM

OOooo... I love percentages%%%%%%



#8 spanky123

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Posted 11 November 2016 - 08:19 AM

Historic interest rate increases for your reference:

 

2001     2002    2003      2004     2005      2006      2007     2008      

4.82%  3.96%  5.98%   4.95%   3.73%   3.50%   3.69%   5.47%                               

 

 2009    2010      2011       2012      2013      2014     2015       2016

 4.84% 4.31%    3.96%    3.25%    3.25%   2.51%   2.23%    2.31%

 

True but businesses don't factor their cost increases based on interest rates, they use cost of living and/or inflation rate increases which are different things. The budget itself refers to a CPI of 2% year over year and last year's budget forecast a 2.76% increase this year.


Edited by spanky123, 11 November 2016 - 08:35 AM.


#9 Mike K.

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Posted 11 November 2016 - 08:34 AM

What could we conceivably see as the lowers rate? It's 2.91 for residents and 2.98 for businesses. Unless we drop it by an entire point it's hardly worth some token effort to say it's been lowered, I think.

Council's collective bargaining decision will also cost tax payers a healthy sum.

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#10 sebberry

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Posted 11 November 2016 - 10:02 AM

With the new stormwater tax, what's the effective overall tax rate increase?


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#11 spanky123

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Posted 11 November 2016 - 10:19 AM

With the new stormwater tax, what's the effective overall tax rate increase?

 

Looks like the stormwater tax is included in both. Hard to compare 2016 vs 2017 tax rates because the City used different assessed values year over year in their models.



#12 edvictoria

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Posted 28 November 2016 - 10:16 AM

https://questionnair...5074050&lang=EN

 

If you can't attend the Town Hall on Dec. 1st you can still have a say in how the city spends our tax dollars. Just complete the survey on the City of Victoria Website online. 


Edited by edvictoria, 28 November 2016 - 10:17 AM.


#13 VicHockeyFan

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Posted 13 January 2017 - 07:50 AM

Not to be a downer over "just $60,000" but a far better exercise would be for the public to get together and eliminate one job each year from the City, and save $100,000.

 

http://www.cheknews....e-spend-256384/


<p><span style="font-size:12px;"><em><span style="color:rgb(40,40,40);font-family:helvetica, arial, sans-serif;">"I don’t need a middle person in my pizza slice transaction" <strong>- zoomer, April 17, 2018</strong></span></em></span>

#14 Layne French

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Posted 13 January 2017 - 08:22 AM

Hmm.. wonder how much this set of PE exercises are going cost.



#15 VicHockeyFan

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Posted 13 January 2017 - 08:25 AM

Hmm.. wonder how much this set of PE exercises are going cost.

 

Did they pay to send a rep out from New York?  Did they pay to rent the Atrium, when we already have a City Hall?  Because there only appears to be about 40 people there, but a lot of staff and equipment.  Maybe the amount to spend should be $50,000, since we likely dumped $10,000 into this meeting.


<p><span style="font-size:12px;"><em><span style="color:rgb(40,40,40);font-family:helvetica, arial, sans-serif;">"I don’t need a middle person in my pizza slice transaction" <strong>- zoomer, April 17, 2018</strong></span></em></span>

#16 Layne French

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Posted 14 January 2017 - 10:10 AM

Did they pay to send a rep out from New York?  Did they pay to rent the Atrium, when we already have a City Hall?  Because there only appears to be about 40 people there, but a lot of staff and equipment.  Maybe the amount to spend should be $50,000, since we likely dumped $10,000 into this meeting.

The amount was marginal, the costs to do this exercise have to be taken into account. I appreciate the idea of the exercise however it feels a bit like urinating in the ocean, may feel good but has little consequences on the big picture.


Edited by Layne French, 14 January 2017 - 10:10 AM.

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#17 sdwright.vic

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Posted 14 January 2017 - 04:47 PM

I vote we remove all the puzzle pieces with the money.
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