Thursday, October 30, 2014

Simpson vs Sjostrom on Tax Shifting

At this past Tuesday's All Candidates Forum in Quesnel -- Quesnel Mayoral Candidates Bob Simpson and Mary Sjostrom spared over the controversial subject of tax shifting from Heavy/Light Industry to Residential

According to Quesnel Mayor Mary Sjostrom, a 1% tax shift away from Industry means a 6% tax hike on residential properties while Quesnel Mayoral Candidate Bob Simpson says it's time to "rebalance" the property tax system

The debate shows the challenge that many local governments are going through -- how to balance concerns from Industry over property taxation vs residential property owners (particularly seniors) who say that they can not afford any more property tax hikes

Listen to that here

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