‘Bleak a report as one can get,’ regional Coun. Rob Deutschmann says of a projected 2024 budget with a 10 per cent tax hike
https://www.therecord.com/news/council/bleak-a-report-as-one-can-get-regional-coun-rob-deutschmann-says-of-a-projected/article_baae2571-1f55-51ee-a7dd-8a0c24e1ebf3.html
7 points · 2 comments · view on lemmy.world
2 Comments
tezoatlipoca@lemmy.ca · 5 pts · 3y
Not super awesome, but at least better than Toronto's approach which has been to let infrastructure and services crumble instead of hiking taxes. I like my municipal infrastructure and services thank you.
But yeah, would be cool if this was scaled to income.
Tgnome@lemmy.world · 3 pts · 3y
If they made property taxes proportional to income this wouldn't be that much of a problem for most people. Currently lower income families spend 10% of their income on property taxes and higher income families spend 2%. Raising property taxes without fixing that is not good. I'm not an economist so I don't know the best way to do it but I'm sure someone could figure it out.
Source for my numbers: https://www150.statcan.gc.ca/n1/pub/75-001-x/10305/7796-eng.pdf