Thursday, November 22, 2007

NANAIMO TAXES UP 7% NEXT YEAR

EXPECT MAJOR INCREASE IN TAXES NEXT YEAR

It was reported in the local press that city manager, Jerry Berry is warning residents to expect tax increases of up to 7% next year. This is up nearly 3% from the increase predicted by staff last year.
Saying that a number of factors are contributing to the predicted increase, and that if something does not change, taxes will continue to increase for years to come.
The cost of the Port of Nanaimo Centre (Nanaimo convention centre), Oliver Road Community centre, new firehall, an increase in demand for services are some of the reasons cited for the recommended large increase in taxes.
The possible loss of the Pope and Talbot mill as one of Nanaimo's largest taxpayers is also a cause of concern.

Comment: City taxpayers only borrowed $30 million dollars for the convention centre, and since it is costing in the neighbourhood of $100 million, the other $70 million has to come from somewhere. I would suspect, the large tax increase is owing to the burden of the new convention centre.

allvoices

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