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Letter: Why tax hike in Richmond with a $3 billion surplus?

With a $2.9 billion surplus, the City of Richmond is asking for a 5.33 per cent tax increase for 2019.
Richmond News
Taxes
One flat tax rate is applied to all residential properties and taxes are based on property values. If your property rises in value above the average rate, you will pay a greater portion of taxes. Conversely, you will pay a less proportional amount of taxes if the change in your land value is below the average rate of change.

With a $2.9 billion surplus, the City of Richmond  is asking for a 5.33 per cent tax increase for 2019.

Really, is this not an exploitation of the taxpayer?

Where is the accountability of all the new taxes coming in from the rapid multi-storey developments?

Is it not not time a full minicipal audit is done by an independent body to really see where all the revenue is going?

Rustom Dubash

RICHMOND