Quote:
Originally Posted by Slava
Yeah that’s what I’m saying. The media likes to say the inflation rates are astronomical, and they give that one year figure. But when you look at the longer term trend, and include that we had some deflation last year, we’re in that 2-3% increase sort of thing. It doesn’t mean we can’t see inflation get out of hand (although hyperinflation is not likely), but it’s really not that high at this point.
Anyway, I think the tax hike is 3.88%.
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Makes sense, 3.88 isn’t bad given that fuel cost for the city is fixed and up significantly more than CPI. It’s where the municipal price index instead of CPI is better.