The province is bringing in a property tax hike
Mar, 05 2008 - 12:00 PM
VANCOUVER/CKNW(AM980) - That controversial parking tax that was scrapped by the province is coming back in form of a property tax hike.
The question is who should pay more, businesses or homeowners?
Translink needs to make up 18 million dollars worth of lost revenue from the scrapped parking tax.
The Translink board will be meeting in secret at the end of the month to consider whether some of that will be shifted from businesses over to residences.
Paul Sullivan from the Vancouver fair tax coalition says businesses are paying enough.
"To double their burden through the replacement tax would be completely unreasonable in light of how over-taxed we already are."
Because this is a replacement tax and not a new tax, the translink mayor's council wouldn't be able to veto the plan. |
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