Ordinary taxpayers have been subsidizing wealthier ones
Over the past few days, many residents across the Capital Regional District have received their property tax bills. This year, Langford council announced a 15.63 per cent budget increase, or about $327 extra a year for a representative homeowner.
Provincial data show otherwise. Since 2009, Langford has had only four years with residential tax increases of less than four per cent. In contrast, the recent increases of 12.41 per cent in 2023 and now 15.63 per cent are essential investments. They focus on stabilizing our finances and improving public services.
This not only creates well-paying jobs but also enhances public safety across Langford and the West Shore. Raising taxes is not an easy decision. Politically, it’s never a win. It would be easier to kick the problems down the road for our children to deal with.While 15.63 per cent makes catchy headlines, reading the full story shows that for the first time, Langford’s financial plan forecasts future tax hikes will decrease over the next five years.
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