Comment 60478

By Undustrial (registered) - website | Posted March 01, 2011 at 19:14:27

Development charges do not cover the cost of servicing new developments. Though they've been coming closer in recent years, but we're still not there, and still one of the cheaper municipalities to build in. A recent freeze on proposed increases to these charges is estimated to have cost the city $8.7 million. We borrowed $25 million to make up the difference. Any guesses what the rampant sprawling of the last decade has cost us taxpayers?

http://www.hamiltonmountainnews.com/news/article/209751 http://www.hamiltoncatch.org/view_articl...

The fact that suburban houses pay more taxes because they're worth more confuses the issue with that of progressive taxation (where richer people pay more). When the issue is that poorer, less valuable residences in the lower city are paying taxes at a higher rate per dollar of value, it is not a progressive tax at all. It's a regressive tax.

The fact that suburban areas are also neglected and exploited only proves that amalgamation's been bad for everyone. And if demalgamation is the alternative, then I'm very interested. But failing that, maintaining this status quo will only keep the inner-city destitute, suburbs sprawling, and basements flooding everywhere.

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