| Committee of the Whole | Wednesday, March 7, 2012 - 2:30pm | Download PDF (30 Kb) |
1. Financial Budget
- 2012 Financial Budget Workshop
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Don Quixote Note:
Areas of controversy will be:
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| Building Inspection New Tax |
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| Solid Waste New Tax |
The 11 participants in Solid Waste will decide whether they support using Taxation as a basis for Solid waste (Garbage Dumps) for the first time. The taxation base is divided as shown on the basis of Land & Improvements.
The other ways of charging this to taxation through a parcel tax, Improvements only or Land Only may be part of the discussion in both cases. (Effects of these options shown below.
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| Building Inspection New Tax Options |
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| Solid Waste New Tax Options |
- This use of Taxation for the first time on what is financed by user pay now (And effectively developer pay in the Building Inspection Function) will be an ongoing charge and the taxation amount will be decided each year if approved.
- This use of Taxation for the first time for Solid Waste on what is financed traditionally by user pay now will be an ongoing charge and the taxation amount will be decided each year if approved.
- In Vernon's case the average taxpayer (calculated by RDNO) will pay an additional $10.96 per year. In Coldstream's Case it will be $8.43. Vernon's taxpayer will for the first time have to pay a Garbage Tax. Recently Vernon raised the Garbage tax paid each quarter by residents from $24.12 to $26.59 (2.47 x 4 = $9.88 Annually) and Quarterly recycling rates from $8.28 to $8.61 (.33 x 4 = 1.32 Annually). The Utility rates are paid by the Ratepayers who may or may not also be taxpayers.
2 comments:
I would agree with you could explain why you support taxation for operation and maintenance of recreation facilities where user pay only accounts for 20% of total cost recovery. Taxation covers 80% of those costs. Infrastructure financing is on top of that at 100% taxation.
The infrastructure costs for the building was agreed to be paid by taxation by a referendum so this was taxation with representation.
I wish that all the yearly operating and maintenance costs could be covered by user fees and hopefully we would only subsidize rates for the youth and those unable to afford the necessary fees. I do support maximizing the user fees that can be charged. However taxation is in place and while I don't like the concept I can only try to reduce operating costs and increase user fees where appropriate to lessen the tax burden.
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