The Canadian Federation of Independent Business released its third annual report on municipal spending last week and much like its previous two reports of 2009 and 2008, the pace of municipal spending is giving it cause to issue warnings that British Columbia’s cities and towns can’t keep going on as they have in the past.
The 2010 edition of the review suggests that municipal operating expenditures continue to increase at an unsustainably high rate, 201 per cent faster than population and inflation. The net result being that those municipalities need to fund their expenses through increases in property tax revenues and user fees.
Prince Rupert’s numbers provided for a mixed picture, the CFIB could not collect enough data to provide some information on key segments of their survey, leaving us with a rather incomplete picture when it comes to where our municipal finances fit into the overall sustainability picture.
(from the blog a town called podunk, click on the link below to see the entire item atowncalledpodunk.blogspot.com/2 … raise.html)