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Old Posted Mar 6, 2023, 6:15 PM
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Join Date: Nov 2001
Location: Vancouver
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It is fine to debate the merits of various taxes or spending initiatives but it's objectively wrong to suggest that HRM has ballooning debts or is teetering on the brink of some kind of fiscal crisis. Its debt-to-GDP ratio last year was 1.4%, i.e. you could levee a 1.4% tax on the city and pay off all of its debt in 1 year. That ratio is down by about 30% in the past couple decades.

Arguably it makes more sense to take on debt today as population growth is higher. Interest rates are up but to historically fairly moderate levels so far.

You can see the old reports here: https://www.halifax.ca/city-hall/bud...d-budget-books
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