No one wants higher taxes and user fees.
No one wants an increase in property taxes.
Legislation in California requires that they have their operating budget balanced annually and they are not permitted to run a deficit.
The result? The State of California is potentially facing bankruptcy. They are seeking a BAILOUT in the same afforded to business. This is a larger and looming issue compared to the financial failure in Greece. In a competitive economic climate for jobs, California is laying off teachers. Municipal services are being reduced [no one answering phones or accepting traffic fine payments] as the property tax base is reduced by market value adjustments and vacancy. Is that were we are headed? Political Gridlock while other economies/ countries and their investment dollars pass us by?
Are there lessons here for us in Canada? Especially here in Toronto?
Our own political systems has become mired in polarized debates about procedures and finger pointing about expense accounts. Public service means a service to the public. Not lavish spending and retirement parties for favored employees or politicians. I want leadership and decisions, forward planning that is fiscally responsible to future generations.
We have our own issues about Municipal Property Tax Assessments; Increasing Property Values and Market Value Evaluation. We need to address a cohesive transit solution that will reduce gridlock that is wasting Billions of Dollars in opportunity cost for business by being "parked" in traffic. This traffic solution needs to include ALL the municipalities of Vaughan, Mississauga, Brampton, Ajax, Oshawa, and up to York region, Markham and Thornhill. We need to post a News Conference that Toronto is open for investment and a great place to safe haven your money in Canada; with one of the safest banking systems in the world. We need an ECO energy solution that doesn't pit the NIMBYism of one neighbourhood against another.
Toronto has a stable and growing knowledge based economy, interest rate stability, quality of life beside a lake, recreation opportunities, employment opportunity and excellent Universities to name but a few; But maybe I see our City through rose coloured glasses.
What are your thoughts?
Doug Holyday said "There are serious savings to be had through amalgamation that have not been realised" Why not? http://www.youtube.com/watch?v=QFd753ER9gg
Add your voice.