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Originally Posted by GlassCity
This is why I didn't like the property tax idea. All 22 municipalities will never agree to all raise property taxes together, and it would be unfair for Vancouver taxpayers to fund a line that will be very important to people from all over the region.
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Why would it be unfair since municipalities funded things like the Canada Line and trolley buses that benefit mostly just the city of Vancouver? Plus it is CoV that pushes the Broadway Line as a very expensive bored tunneled subway even though cheaper alternatives are available (i.e. elevated or cut and cover). Its not like you're paying for it either, the only ones that will pay are those that will benefit from it directly via increase in property values due to yet again by a new transit line in their city.
Again, the line is just an enhancement, somebody from Broadway station can still get to UBC with the Broadway buses within a reasonable time frame. Get passed by one bus, another arrives in a few minutes. But given that a
Surrey Kwatlen student can get to a post secondary school faster than transit by running, that is where the justification for new rapid transit lies.
Quote:
Originally Posted by WarrenC12
As I understand it, the Translink portion of property taxes can only be raised 3% per year. Additional authority to raise more would have to come from the provincial government.
For the general portion, yes I imagine city councils have the ability to raise that to an "unlimited" amount. At their own dire peril...
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Translink itself can raise the property tax 3% per year without any further approval. Any additional raises need to be approved by the Mayor's Council, not the Province. The Mayors Council itself can raise it to an unlimited amount for Translink to pay for Sktrain which covers all 22 municipalities, including bridges and tunnels to connect those across bodies of water (or pay all Translink employees $10 million per year).
Mayors within the cities themselves can also raise it to an unlimited amount, which they do so anyway to pay for their pet projects. If the CoV wants a maglev rail line from Cityhall to Canada Place, then can raise their own property taxes by over a 100% a year to pay for it. If Surrey wants to build a city owned supertall skyscraper, they can also pay for it by raising their property taxes to whatever amount they need.