In a report to the City of Revelstoke finance committee, city finance director Graham Inglis notes the city’s general operating expenditures have jumped by 49 per cent between 2000 to 2012.
The increase includes general operating expenditures as well as water and sewer operating costs, but excludes many third-party funded services and projects. The numbers were adjusted to inflation.
In a June finance committee meeting, Inglis said the analysis was designed to show “real expenditure growth” in the city.
While city expenditures increased over the past dozen years, so did the property taxpayers’ slice of the tax pie.
Back in 2000, residential taxes accounted for 23.6 per cent of funding for general and operating capital expenditures, while business taxes contributed 15.8 per cent. Together, they totalled 39.4 per cent of the pie.
In a review of 2012 city financial results, Inglis said residential and business taxpayers now combine to cover 52.3 per cent of the pie (a 12.9 per cent increase). Residential taxpayers now cover 30.1 per cent (a 6.5 per cent increase), while business property taxes fund 22.3 per cent (a 6.5 per cent increase).
The changes highlight a double-whammy; even when inflation is factored in, city expenses continue to grow, and property owners are being asked to cover more and more of the increases.