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Written by Citizen staff
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Thursday, 05 November 2009 |
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- Over that time, spending rose to $122.4 million from $86.1 million, a 34.7-per-cent increase, while inflation plus Prince George's population grew by 12.02 per cent.
- Divide the increase in spending by the hike in inflation plus population, and you get a "fiscal responsibility gap" of 2.89, the highest among the 28 B.C. municipalities with more than 25,000 people, although it's down from 3.6 in 2006.
- By comparison, the fiscal responsibility gaps for Kamloops, Nanaimo, Chilliwack and Kelowna were 1.58, 1.42, 2.21 and 1.9 respectively.
- To keep at the ideal ratio of 1.0, Prince George would have had to spend $17.3 million less in 2007.
- Not all of that $122 million spent in Prince George in 2007 came out of property taxes and sales for service (sewer, water, garbage, user fees) by the city.
In fact, transfers from other levels of government and other sources added up to $19.36 million, a significant amount, although not as much as the $68.6 million the city generated in property taxes and the $38.4 million in sales for service.
- But looking strictly at revenue raised directly by the municipality, and the City of Prince George fared even worse. Between 2000 and 2007, revenue from property tax and sales for service rose from $69.8 million to $107.2 million, a 53.2-per-cent jump and making for a fiscal responsibility gap of 4.43.
- To keep the ratio at 1.0, Prince George should have spent $29 million less on items funded by property tax and sales for service.
mnielsen@pgcitizen.ca
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Last Updated ( Thursday, 05 November 2009 )
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