Comment 27899

By A Smith (anonymous) | Posted December 15, 2008 at 05:40:21

Geoff, if City Hall and the people who worked there were more like a business, then I think either location would be acceptable. To this end, I recommend instituting a performance based compensation package. This compensation package could be tied to any number of quality of life measurements, but ultimately would need to be in line with the revenues that the city brought in.

As an example, since property values tend to be strongly correlated with demand for land, which ultimately reflects the attractiveness of a city, politicians who increased assessment values faster than the provincial, or national average would be in line for large bonuses.

Other criteria we could use to rate our politicians would be things like unemployment, median hourly earnings, crime, traffic congestion, etc.

I tend to like the assessment measure the most, however, because it aggregates all of these quality of life variables, and allows the market to tell us whether the city is viewed favourably or unfavourably.

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