Vancouver City Council

MOTION ON NOTICE

The following motion was submitted by Councillor Ladner at the Regular Council Meeting on February 1, 2005. Councillor Louie called Notice under Section 5.4(c) of the Procedure By-law.

1. TransLink Funding

MOVER: Councillor Peter Ladner

SECONDER: Councillor

WHEREAS:

1. TransLink's budget was based on assessment estimates that have resulted in an unexpected $13.5 million tax increase for GVRD property owners.

2. TransLink's budget already called for an average tax increase of $61 per average home, for a total TransLink property tax of $150 per average home ($309,000 value).

3. Elected officials have an obligation to honour commitments to taxpayers on promised levels of taxation.

THEREFORE BE IT RESOLVED THAT:

Vancouver City Council ask TransLink to roll back the property tax rate to achieve the revenue levels promised in its 2005 budget.

Notice

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