The lat thought in my head before I went to sleep was the yeae I was first elected. 1967.
I re-call the Mayor's statement the night the budget was struck. It was the most important event of the year. All things stemmed from the budget.
It was the first budget to reach a million dollars.
The population was 7,500.
Water was a flat rate less than $7.50 a quarter.
The Water Reserve Account was the only reserve we had.
We built a third bay on the fire hall that year and borrowed the money from the $18,000 Water Reserve Account.
We also ad to borrow from the bank to pay the accounts until the first tax payment was collected.
Sewers were on the tax rate. We had a Volunteer Fire Brigade and ur own police force.
The town's share of the tax bill was around twenty-nine per cent.
The biggest share went to the Boards of Education. Which were also municipal.
Now,including water and sewer rates separately charged, the budget is a $1million a thousand.
The Province has absorbed increases in education costs for the past decade.
The Town's Financial Officer feels it is to allow the municipality more room to tax.
I would argue the purpose wasto relieve property owners of exorbitant taxincreases.
That is not what happened.
So, to re-cap, forty-six years ago, property taxes were $1 million per 7,500 people.
This year, the burden was $1 million per 1,000 people.
Of course it's not that simple.
But I didn't make the equation between the municipality's size and the annual operating budget.
The current Mayor did that on Tuesday night.
By the way, in 2013 , the budget was slipped through with no message from the Head of Council to the community about the state of the town's economy.
Nothing at all was said about budget on Council's most important decision of the year.
The amount of which apparently signifies a change to major metropolis status.
Saturday, 17 August 2013
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