By Ted Raymond, CFRA News, December 7, 2017
Eight City Councillors have, so far, signed on to a plan to propose a one-time tax increase next year to help cover a gap in funding for city infrastructure.
The 2018 draft budget will be voted on at City Council December 13, but councillors say there is a $70 million gap in funding for things like roads and sidewalks, and other city-owned infrastructure.
A motion by Kitchissippi ward councillor Jeff Leiper proposes a one-time 0.5% increase to property taxes in 2018, which he says would raise about $8 million to go toward repairing crumbling capital assets. It would mean an extra $12 a year for the average urban homeowner, on top of the $76 increase already laid out in the budget.
http://www.iheartradio.ca/580-cfra/news/councillors-propose-one-time-tax-increase-to-help-cover-infrastructure-gap-1.3489867