Thursday, April 26, 2012

Property Tax System needs to be overhauled: Hume

The property tax system is broken and needs to be fixed.

That was the message this morning at the Northwestern Ontario Municipal Association Conference taking place in Kenora.

Gord Hume was the keynote speaker and says property taxes are simply inadequate to address the infrastructure deficit municipalities are facing.

Hume is suggesting some sort of revenue sharing arrangement with the upper levels of government, either a percentage of the HST for municipalities or a portion of the income tax the federal government collects.