Posts Tagged ‘Property Tax’

Budget bluster a whole lot of hot air

Posted by Jonathan Ross

This is the kind of public reaction Vision Vancouver critics will have you believe that the party is facing after this just completed budget process.  Nothing could be further from the truth.

This is the kind of public reaction that Vision Vancouver critics would have you believe the party is facing after the just-completed budget process. Nothing could be further from the truth, however.

What do you get with:

Well, you get the budget that the City of Vancouver just completed.  And, all in all, you get a pretty reasonable process that took the needs of the collective into consideration above the loud voices of the minority.

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Vancouver set to introduce region’s lowest tax rate in 2010

Posted by Jonathan Ross

Internal spending controls have allowed for Vancouver's lowest rate of taxation in many years.

Internal spending controls have allowed for Vancouver's lowest rate of taxation in many years.

At next week’s council meeting, Annette Klein, Director of Budget Services for the City of Vancouver, will present an administrative report on the 2010 operating budget preliminary estimates.

In it, the “funding shortfall of $61.7 million, equivalent to a property tax increase of 11.2% before considering anticipated revenue increases,” is acknowledged.

If you listen to Councillor Suzanne Anton,  or the boys over at City Caucus, this was going to mean record tax increases for Vancouver property owners.

But because Council “directed staff to come up with a budget with no increase in property taxes,” as previously referenced by Councillor Raymond Louie, this report is recommending not only Vancouver’s lowest tax increase in many years, but also the lowest when compared to the 2009 tax rates of neighbouring cities.

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Sat Jul 31, 2010

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FACT OF THE DAY

Vancouver’s West End is 204 hectares and is home to 44,000 people (as at 2006) and has increased 5.8% in the previous 5 years and 66% moved since the last census.  61% speak English as their mother tongue.  The majority are in the 20-39 year old age group.  59% are one person households, with 8,710 families and an average household inome of $38,000.  There is a total of over 28,000 private households.

Quote OF THE DAY

“We’re really asking people to be respectful of the diversity of our community.  People live down here because of the diversity, they feel safe within diversity, and that’s a really important value for us.” – Brent Granby, West End Resident’s Association

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