Repeating myself… again. But this is pretty fundamental to a conversation where we also are running in circles and accomplishing less than nothing.
There are a variety of reasons why your property taxes increase while services and infrastructure deteriorate. Downloading of responsibilities that belong at the provincial level is a good example. But provincial regulation forcing municipalities to spend too much, for instance, on policing, is another.
However the two biggest factors, that perhaps we do not want to talk about are the historic erosion of our industrial tax base and unsustainable car-dependent urban sprawl.
That subdivision, it will ALWAYS generate less, far less, revenue in taxes, than it costs to service it. The actual cost of servicing such development, if passed directly onto the residents of such development would break them.
Anywhere we are having a conversation about balancing municipal budgets or fiscal responsibility; that could not possibly occur unless we stopped, permanently, permitting development that costs more to service than it generates in property tax revenue.
Municipalities cannot perpetuate this kind of development and not lose money from it. Failing to acknowledge this is bankrupting, particularly cities, all across North America.
We already know why we are going broke. We just need the actual data, and the will to fix it.
Not Just Bikes Suburbia is Subsidized: Here’s the Math [ST07]
https://youtu.be/7Nw6qyyrTeI?si=IGn3B2Rll4BVimjQ
