Thanos
Active Member
Yes, more or less accurate (I would argue inflation was closer to 2.5% avg but whatever). The point is that 3.5% is not "many times over" 2%, its less than two times.
Was Miller "fiscally responsible"? Tough to say. If you inherit an underfunded city and you have to grow revenues by more than inflation to get back on track (ie after Lastman's repeated tax-freeze years which were fiscally 'irresponsible'), then that's what you have to do. Its worth repeating over and over - Our property taxes are lower than all of our neighbors in 905. IMO it would be "fiscally responsible" to not pretend we don't have the same expenses that they do, and therefore should not complain about paying equivalent rates.
All of that is simply my opinion - but it is fact that no Miller budget increased tax rates by many times the rate of inflation.
Let's not forget that Miller had to start paying for public transit, infrastructure and public realm improvements. Something Toronto hadn't invested in for 2 decades.
So yes, when you go 2 decades of not investing on anything then eventually you have to start paying and it will hurt. Which brings us back to the age old problem of short sightedness with individuals like js97 : who cares about future generations