Relatively speaking a 1.2% increase would be reasonable. However there are a lot of special interests, pet projects and pork barrel of councillors that are in the budget (annual Orchestra London grant, calls for VMP wall rather than berms off top of my head) that should be cut and get tax increase to zero.
Unfortunately IMO council will still shoot for 0% tax freeze by going into reserve funds rather than making necessary cuts, it's politically more expedient and can get Diamond Joe n Co. to say they've frozen taxes 3 years straight, but leaves us with a time bomb that will require debt to service day-to-day operations. If, like you say, debt is used for long overdue infrastructure projects (Western Road, Commissioners Road) I'm all for it rather than waiting another decade for infrastructure to enter the 20th century.
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Originally Posted by manny_santos
What I am not in favour of is using long-term debt to fund day-to-day expenses, which to me include paying salaries.
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Bingo. No one has the political will to stand up and either have an across the board freeze or cut to salaries. It would be more effective that stripping anemic city services even moreso.