MF YYC Politics - there, I mega did it

[PepsiFree]

But he will be helping to shape that narrative as a speaker, and could use that opportunity to show a different avenue for conservatives to engage in the conversation outside of “combating wrongheaded policies of progressive left wingers” or whatever.

It’s not going to be some balanced conversation between liberal and conservative ideals, obviously, but that doesn’t mean Farkas can’t do some good.

[Ozy_Flame]

We'll see.

[Faust]

Debate on 4-year budget plan gets underway at Calgary city council:

https://www.cbc.ca/news/canada/calga...bate-1.6657624

[Wormius]

Originally Posted by Ozy_Flame

We'll see.

Farkas’ prior support of Chu is enough to question any sincerity. Sorry, but if he thought Chu was a good councillor and somebody to stand behind, I think he’s lacking in reasoning skills.

[The Fisher Account]

How people can't see that Farkas is on the 'image rehabilitation circuit' right now is beyond me.

Leopard never changes his spots and all that jazz.

[dsavillian]

In unrelated Craig Chandler news, he's asking for 75k from his... supporters?... to fund his lawsuit against Duane Bratt.

https://twitter.com/user/status/1594811166299394049

[GGG]

Originally Posted by Faust

Debate on 4-year budget plan gets underway at Calgary city council:

https://www.cbc.ca/news/canada/calga...bate-1.6657624

In that article is the 4.4% hike the change in mill rate, the change in city budget, or the average property tax increase for each homeowner?

If it is a 4.4% increase into the city budget that is a remarkable number coming of a year of 7% inflation.

[Fuzz]

Originally Posted by GGG

In that article is the 4.4% hike the change in mill rate, the change in city budget, or the average property tax increase for each homeowner?

If it is a 4.4% increase into the city budget that is a remarkable number coming of a year of 7% inflation.

I presume it is the mill rate(would that also equate to average property tax increase?).

Unveiled on Nov. 8, the budget proposes a 4.4 per cent property tax increase for 2023 as well as hikes in transit fares, waste and recycling fees, and higher costs for a range of city services.

If it was the entire budget, they wouldn't say "as well as", since those increases also go toward budgetary items.

[GGG]

Originally Posted by Fuzz

I presume it is the mill rate(would that also equate to average property tax increase?).

If it was the entire budget, they wouldn't say "as well as", since those increases also go toward budgetary items.

If it’s mill rate it’s more like a 20% tax hike because then all of property value appreciation from July 2021 to July 2022 is factored on top of the increase.

I suspect it’s average homeowners increase because that accounts for both pop growth and appreciation and is least misleading but that also feels to low.

Another option is revenue raised through residential property taxes.

[Fuzz]

Originally Posted by GGG

If it’s mill rate it’s more like a 20% tax hike because then all of property value appreciation from July 2021 to July 2022 is factored on top of the increase.

I suspect it’s average homeowners increase because that accounts for both pop growth and appreciation and is least misleading but that also feels to low.

Another option is revenue raised through residential property taxes.

Ya, tough to say. If it was your last point it would have to be adjusted for population growth as well, so that doesn't make sense either.

[timun]

Originally Posted by GGG

In that article is the 4.4% hike the change in mill rate, the change in city budget, or the average property tax increase for each homeowner?

If it is a 4.4% increase into the city budget that is a remarkable number coming of a year of 7% inflation.

It's the increase in overall revenue from property taxes. That's how the City does budgeting: they develop the planned spending, factor for user fees and other sources of revenue (e.g. parks reservations, public pool admittance, parking revenue, bylaw fines revenue, Enmax's annual dividend, etc.), and come up with a sum total of property tax revenue required to cover that spending. They also have to factor in an amount of property tax to be collected and remitted to the provincial government.

Mill rates are figured out backwards from the required property tax revenue and the sum total assessed property value of every property in the city:

mill rate = (overall amount of property tax revenue required / overall property value) * 1000

(In reality it's broken up into residential and non-residential rates, but that's the gist.)

Your property taxes owed = your property value * mill rate / 1000

In effect, if your property value doesn't appreciate as much as average you will pay less than the budget increase, and if your property value appreciates less than the percentage increase of overall property value in the city / the percentage property tax increase, your property taxes owing goes down.

E.g. if property values overall go up 10%, property taxes go up 5%, and your property value doesn't go up by at least 4.76% ( = {[1.1/1.05] - 1}*100), your property tax bill will go down.

(This is just a very simplified representation, as I said there's more to it because there's a split between residential and non-residential, and the province takes a cut.)

[GGG]

Thanks,

That’s what I thought.

That seems like an absurdly low tax hike given the inflationary environment. Calgary grows at about 2% per year so that means the tax hike is more like 2.4% in an inflation environment of 5-7%. Which is why there seems like there is something missing since it’s not being advertised as well below pop growth plus inflation.

Do you know if they are still shifting more tax from commercial to residential?

[Wormius]

In case anybody doubted that Brett Wilson could debase himself more. Could he be fired off into the sun already?

https://twitter.com/user/status/1594870459728007168

[PsYcNeT]

Originally Posted by wormius

in case anybody doubted that brett wilson could debase himself more. Could he be fired off into the sun already?

https://twitter.com/user/status/1594870459728007168

https://twitter.com/user/status/831805955402776576

[Ozy_Flame]

I have little doubt Wilson runs in the same circles as Chu, Chandler, McLean, Denis, Terrino, and all of the other conservatives who seem to be interwoven into Alberta conservative political fabric.

[BlindMilwaukee]

The ‘W’ in W. Brett Wilson has got to be short for whatabout.

[timun]

Originally Posted by GGG

Do you know if they are still shifting more tax from commercial to residential?

It has been 52% residential, 48% non-residential since 2020.

[undercoverbrother]

Originally Posted by BlindMilwaukee

The ‘W’ in W. Brett Wilson has got to be short for whatabout.

I thought is stood for What an A$$hole.

[undercoverbrother]

Originally Posted by dsavillian

In unrelated Craig Chandler news, he's asking for 75k from his... supporters?... to fund his lawsuit against Duane Bratt.

https://twitter.com/user/status/1594811166299394049

And in other Pieces of #### news.........

[Bigtime]

So things got a little heated at Council today between Councillors McLean and Mian:

https://twitter.com/user/status/1596245217883328512

...led to this:

https://twitter.com/user/status/1596249230104199168