If the mayors don’t know how it works what chance have we got? Here it is again in print in today’s CH, supposedly informing our residents how things work.
The growth in the value of Lunenburg County homes has slowed, according to numbers released this week, and the mayor says that’s reason for concern.
“It’s a huge issue,” said Don Downe, the mayor for the Municipality of the District of Lunenburg. “It’s all about revenue. It’s all about cash flow.”
That’s because assessments determine how much money people pay to municipalities in taxes.
NO! NO! NO!! Come on folks [and journalists!!!!!!] ,please, think about this. It is important. We will repeat it again. Assessments do not determine the cash flow to a Town or County’s budget. It is the RATE that determines what the “cash flow is”. If assessments go down the rate goes up to cover what the Council decides should be spent.. NO problem. The Council is in control and accountable. They are not at the mercy of anyone but the voters.
The assessment only determines WHO pays what part of it. You don’t need a PHD degree to understand this although we know many over-educated people who can’t grasp this, perhaps because they listen to our mayors and councillors, and read our newspapers, and believe them.
The real issue is that Councils will not be able to HIDE their spending if rates go up . THAT is what they fear. And we say, GOOD, perhaps it is time they had to account for their spending.
The Property Valuation Services Corp isn’t helping IF they perpetuate the myth that lower assessments and assessment caps mean lower cash flow in their presentations. This only encourages Town or other political interference in assessment work. But all they are doing is stating facts.
Property Valuation Services Corp., which assesses properties across the province, made a presentation to municipal council Thursday morning.
“Definitely, the number of sales has gone down and we’re watching that very closely,” said Debi Karrel, who works with the company.
The market has slowed, she said, and it is taking properties longer to sell. …
So? The PVSC knows very well how it works but they perhaps aren’t trying hard enough to get through to the likes of mayor Don Downe who thinks also that caps affect the municipality’s budget.
Mr. Downe said the lower revenue resulting from capped assessments has a big impact on the municipality’s budget.
“That’s a huge differential.”
No, and again no.
It isn’t very encouraging to know that idiots are running our municipalities. Just get your budget in order, determine what you need, set the rate and defend it honestly. Is that so difficult to understand?
PS – CH journalists [specifically in this case – but not the only case – Beverly Ware] you should be ashamed of yourselves.