Heading in wrong directionBoard of Trade's proposal for 3% surcharge for homeowners is no better after more explanation |
I had to laugh last week when I saw the cheeky name given to the Toronto Board of Trade's budget submission to the mayor's fiscal flunkeys at City Hall.
Instead of "Heading in the Right Direction" -- as they called their so-called plan -- I'd venture to say their ridiculous ideas head the Board in a direction that appears all too cozy with the left-wing sensibilities running this city (right into the ground).
Just what was Board president and CEO Carol Wilding thinking when she proposed a 3% property tax surcharge for the next five years to fund the city's deteriorating infrastructure? That property tax surcharge -- to be levied on residences, not businesses -- would be on top of the 3.75% property tax hike already proposed by Mayor David Miller and his minions to balance the city's $8.2-billion budget.
That would also be over and above the proposed recreational and other user fee hikes, the new land transfer tax (which kicked in Feb. 1), the vehicle ownership tax, the new separate garbage tax (to start in the fall) and a 9.3% water rate hike.
Wilding characterized the hike as a "difficult choice" (I'm assuming she meant for City Hall's tax-and-spend-aholics). She added it would be a mere extra "$70 for the average taxpayer."
Get out the vaseline......
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