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Originally Posted by Mccree
When did the province annouce this change and why are we only hearing about it now??? The city was sure quick the spend the money. I wonder how long they have known??
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They would haveknown by the end of March. This isn't anything new its called equalization. The province uses previous assessment figures to figure out the amount they require from each municipality for an education requisition. So if an assessment base grows higher than the province figures then it results in a lower school requisition and therefore a lower millrate.
What the city is doing is exactly what the province figures municipalities will do if they ever let municipalities off the hook for collecting education taxes. That is use it to collect more muni taxes.
So this isn't the case of province = good and city = bad, it is province doing business as usual and have a nice article written about the agreeing to take less(garbage) and the city taking advantage and looking very bad IMO. My Municipality's education requisition went down ~7.4% and our municipal mill rates have not changed in 5 years.