Letters to the Editor

Could’ve cost serious money’

Editor, The News:

Re: Ridge explains 3.5% tax hike (The News, May 7).

Paul Gill must have misunderstood the question. The cost of the downtown incentive program, as the cost is far from zero.

The whole idea was to give developers an incentive to build in the core by giving them savings. If they get savings, we, the taxpayers, are getting dinged. And depending on one’s perspective, it could add up to serious money.

Cuts in permit and DCC charges probably added up to tens of thousands of dollars. However, the major cost to taxpayers is the loss of tax revenue for the three- to four- year term.

Some would like to suggest that without the incentive program none of the $140 million worth of projects would have been built. In reality, most, if not all of the projects would probably have been built, just over a different time period.

Based on my calculations, the municipality is losing $420,000 in tax revenue annually due to the tax free holiday included in the program, or $1.26 million over three years.

Graham Mowatt

Maple Ridge


We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.

You might like ...

Clark on climate, clawbacks, credit cards
Port truckers angry with rates eye new strike
What’s going on in Coho Creek?
Maple Ridge man plucked off mountain after a week
COLUMN: Some advice to Kinder Morgan from the mushy middle
A unique move to Mission
7-year-old girl buried, killed in Lions Bay rockslide
No injuries in fiery Lamborghini crash in South Surrey
Surrey murder victim identifed as Jaylen Sandhu, 17

Community Events, December 2014

Add an Event

Read the latest eEdition

Browse the print edition page by page, including stories and ads.

Dec 19 edition online now. Browse the archives.