Thanks Bunk. So it looks like city spending has increased by about 25% over 6 years?
It's certainly interesting that the city continues to use their own internal and secret approximation for inflation (MPI) which has been much higher than actual inflation as defined by Statistics Canada. Do you have a similar chart using the nationally accepted definition of inflation, CPI, instead?
And, of course, the major reason for the MPI being so high is likely because city salaries and pensions are a huge part of their inflationary pressures, yet the city could control those costs...
A rather advantageous closed circle when demanding further taxation power and increased spending?
118 million in savings should be lauded, but we need much more than that to stop closing businesses doors by increasing their tax burden by double digits during a major downturn.
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