Perpetuating a Myth
by Jason Fredin
What inspired me to collect all those stats and post about the city tax rate was actually hearing a caller on AM980 saying the city has all kinds of money they aren’t telling anyone about.
The conversation took place on The Craig Needles Show.
February 12, 2013
Arn: …most of the houses in the city of London have not had a tax freeze, at all, and more than that the city is getting that revenue.
Craig: Yes, well it’s assessment growth.
Arn: So there is reassessment money that is coming into the city that they just aren’t talking about.
Craig: Yeah, I can understand how its not a freeze, its not the exact same bill that you got the year before and I don’t think that they should imply that it would be.
Arn: No, no don’t call it not the exact same bill, talk about an increase…
Arn: …its an increased bill.
Craig: Yeah thats fair.
– Or go listen for yourself. http://www.am980.ca/The-Craig-Needles-Show.aspx
Where this all goes off the rails is Arn’s declaration that there is “reassessment money”, reassessment money is revenue neutral. It is only new assessments (from new building or changing classification i.e. from residential to commercial) that adds to the city’s revenue.
I don’t think it was intentional on Craig’s part to agree to this, he correctly referred to “assessment growth” at first, and to the fact that Arn’s taxes may have increased. He probably just missed the accusation that this created extra money for the city.
I think Arn also has a direct line to the studio, so arguing could end up being a long-term battle.