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Anyone on here that lives in Wilmot? How are you feeling about a potential 50% increase on property taxes?
From the little I have read on it, it seems like council had previously kept taxes artificially low and now the "chickens come home to roost". Even with the proposed increase Wilmot will be somewhere in the middle of Ontario Municipalities in terms of property taxes.
I do wonder what, if any, a multi-billion dollar manufacturing plant would do to help alleviate some of the tax burden off the residents.
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I wish there was someone respected enough who could really explain to the average property owner how fucked our (everyone’s) city finances are.
Wilmot land owners are going to keep believing they are helpless victims and not subsidized tax recipients until someone has the courage to explain how this all works.
local cambridge weirdo
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This increase translates to a $580 increase for the average Wilmot tax bill (or an extra $48/month). About a decade ago I was talking to an administrator for another of the townships who shared the challenge of increasing taxes to pay for infrastructure repairs or upgrades. In their case, any percentage increase would have had to have been quite large in order to generate any meaningful increase in revenue.
Of course, the problem would be smaller if the province uploaded the various services and pieces of infrastructure that were downloaded in the 1990s which would allow the local governments to return to to focusing on the part of the community that need immediate work or repairs.
Unfortunately, we are not going to build ourselves out of this backlog by simply adding more residents or businesses to the tax base. The watershed is almost tapped out and if we are expected to reach a million residents, that's going to require a very expensive pipe to be built to Lake Erie.