New year’s new assessments should create a new reality

The new year will bring with it assessment notices for 2013 - and word is out that the numbers may prove to be surprising

As Americans face the new year with the prospect of facing a “fiscal cliff,”, residents of the Lower Similkameen have no reason to feel insulated from – or complacent of – potential financial shocks of a more local nature.

The new year will bring with it assessment notices for 2013  – and word is out that the numbers may prove to be surprising – maybe shocking, with assessment values falling.

Should this be the case, it is coming  at a time when municipal budgets are still in the prepatory phase. Even a modest budget increase will likely mean higher than anticipated tax increases for ratepayers in order for municipalities to make up for the revenue shortfall created by lowered assessed values.

 

It will be interesting to see what changes, if any will occur in current budget deliberations in the new year, should this prediction come true. Several local taxpayers (during budget meetings last year ) voiced the opinion that tax increases should be held to net zero during times of poor economic growth. A policy like that will put pressure on regional municipal budgets but so what? It’s nothing that the average taxpayer doesn’t already experience – and it’s about time local governments struggled with a similar reality.

 

 

Just Posted

Talks continue on structure of regional fire departments

Okanagan-Similkameen directors heard under the current structure the CAO’s title would need to change

PRICK! sees increase in patients

The rainbow friendly service offers STI and HIV screening monthly

First Things First evoking the power of song and play

Environmental group educating through entertainment

Super blood wolf moon fills Okanagan skies, to photographers’ delight

Photographers had a rare chance Sunday to capture a rare lunar eclipse

Keremeos cannabis shop waiting on provincial approval

Quantum 1 has applications in with the province to open seven stores including one in Keremeos

UPDATE: B.C. legislature managers accused of excessive travel, personal expense claims

Clerk Craig James, security chief Gary Lenz call allegations ‘completely false’

B.C. man fined $10,000 after leaving moose to suffer before death

Surrey man was convicted last week on three Wildlife Act charges

Man charged in 7-Eleven fire in Shuswap granted bail

Accused facing arson charges released with 23 conditions including a 7 p.m. curfew

‘Blue Monday’ isn’t real, but depression can be

CMHA encourages people to prioritize their mental health

Anti-pipeline group wants NEB to consider impact of emissions, climate change

Stand.earth filed NEB motion asking to apply same standard to the project as it did with Energy East pipeline

Parole granted for drunk driver who killed B.C. RCMP officer

Kenneth Jacob Fenton will be able to attend alcohol abuse treatment, nearly three years after crash that killed Const. Sarah Beckett

B.C. man charged in 2014 snake venom death of toddler

Henry Thomas was taking care of the North Vancouver girl the day before she died

B.C.’s largest public-sector union wants inquiry into money laundering, drugs

Union officials say Premier John Horgan and Attorney General David Eby have not ruled out the possibility of a public inquiry

Teen in confrontation with Native American: I didn’t provoke

Nick Sandmann of Covington Catholic High School said he was trying to defuse the situation

Most Read