"I see nothing wrong with children,grandchildren and great-grand -children sharing in the cost of Infrastructure to supply their homes and business with electricity. It is and always has been the basic principle of debenture debt for public amenities."
This is a shocking statement, but not a surprise.
Were you saddled with the debt of your parents or grandparents' era? Do parents not hope that their children will have a better life than they did?
It is unfair of the government of the day to amortize debt that they created to the point that it will not be paid for until 30 years from now. More than likely neither Wynne or McGuinty will be around to see that debt paid, why should they care? What is more unfair is that she has done this and somehow spun it to tell the residents that she will lower hydro costs now. It is only when you look at the man behind that curtain you see that she is playing a shell game and we are all losers... now, tomorrow and for the next 30 years.
Meanwhile, your great-grandchildren will grow up, go to school, get jobs and then they will buy a house (perhaps if they are lucky). They will get their Hydro bill and on it will be a line "Debt Repayment". They will wonder what that is for and go back into the archives of the internet and read that their great-grandmother had no problem with them paying for the infrastructure that we wanted in the early 2000s.
Posted by Anonymous to Our Town and Its Business at 6 March 2017 at 16:39
The writer is easily shocked. The comment brings to mind the Monty Python Flying Circus,fish-slapping dance. The little fellow, hopping back and forth, two steps forward,slapping with two little fish, lightly on each side of the big fellow's face and two steps back.The music stops. Then the big fellow hoists a monstrous fish with both hands and knocks the antagonist up the side of his head , off his pins,straight into the harbour.
I brought it up on U tube to enjoy once again. It's always funny.
In my first town budget in 1967, I noted an expenditure coupled with Collis Leather. It was a payment for the town sewage treatment plant.
The payments started in 1954 and continued for a decade or so more after 1967.
Collis had treatment at the tannery.Ontario Water Resources Commission decided it was no longer adequate to remove chemicals. New, more proficient treatment had to be provided or the tannery had to stop operating.
The town and Collis jointly built a tertiary treatment plant.
Aurora, I learned, was the first town in Ontario to have indoor plumbing.
Council colleagues grew up with privies in the backyard.
Debenture debt made the improvement possible.
Were there complaints? I don't think so. People had no trouble connecting expenditure to service.
In time, the facility had to be expanded to service growth.
Then OWRC intervened again and prohibited further growth. The plant was at capacity.
Until mid-seventies ,when York Region built the "Big Trunk" to take sewage from Aurora and Newmarket to be treated at the Rouge River and dumped into Lake Ontario.
Residents went from paying a flat rate (less than $10.) for water to separate charges for water and sewers and an unexplained "Miscellaneous" item, all of which annually multiply exorbitantly.
As well, taxes are now collected to pay for culture and entertainment. Parades,food festivals, art exhibits,piano recitals and musical quartets. The town surrendered to a federal institution,a multi-million dollar property needed for our own purpose.
People like the commenter don't know from a privy hole about tax extortion, but excoriate myself for what I don't know about the basic principles of equity in taxation.
The Province can open another casino or two, launch another lottery, or tack two bits onto every bottle of booze sold in the province to continue largesse for jazz festivals , Halls of Fame and whatever other
frivolity that occurs.
Taxes on our homes and business are the solitary source of loot at the municipal level.
And we are burdened with a succession of elected representatives and like-minded residents who don't know the difference.