Tuesday, 28 February 2012
Tax Plans vs Winging it with Tax Hikes
So, what's happened now? Well, after hurting poor transit users and hiking frontage taxes (which are pretty similar to property taxes), the Katz mayoralty is now going to hike property taxes by 3.5%. Katz is blaming other levels of government for not giving him money. Because, as we all know, sound financial planning is based on assuming you'll get money that nobody's promised you and you're not entitled to.
So, in hindsight, it looks like the 2010 mayoral election was between two candidates - one who had an understanding of the city's finances and well thought-out tax plan and one who was just winging it. Judy's tax plan - told well in advance - would have contributed to an environment of certainty. Katz's flip-flops and on the fly decisions contribute to an uncertain climate for businesses and consumers in Winnipeg.