Remember in this budget a 6% hike is keeping taxes flat.
Unlike the provincial and federal government tax revenues don’t go up with inflation so each year the inflationary increase is represented by a 2-4% tax hike.
Secondly this year saw the % split between business and residential changed. This is not a spending increase so that was 2-3 %
So a 1.8% tax increase. Thats like the provincial government raising the bottom rate from 10% to 10.18%.
|