Quote:
Originally Posted by GregCB
Plus the city is then expected to provide transit service, garbage pick-up, snow removal and other street maintenance, police and fire services, then there's community rec centres, parks, libraries, schools that inevitably get added into the mix at some point. Not to mention the instant deterioration that starts to happen to the new infrastructure once its installed due to the challenging soil and climate conditions here. That's a city responsibility and existing tax rates do not cover that massive multi-billion dollar cost.
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Plus water treatment plants, sewage treatment plants, storm water infrastructure, etc. I think the millions of dollars of new taxes per year will cover these costs, especially services. The problem is that the capital costs of new infrastructure is needed up front and it may take decades to recover that in taxes. Someone paying $6000/year in property taxes is definitely covering the cost of transit, garbage, snow removal, police, fire, etc.
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