How many times have you been shocked when you received your property tax bill for the year? Your pulse quickens, your palms sweat, and you wonder how it is possible your taxes have increased by this much.
One reason is that your local government just can’t stop spending.
CFIB's New Report
CFIB has released the eleventh edition of its annual municipal spending report and the results continue to show that increases in municipal spending are far beyond the sustainable rate of inflation plus population growth. In fact, across all B.C. municipalities between 2006 and 2016 inflation adjusted spending increased by 43 per cent while population growth was just 12 per cent – almost four times faster!