Comment 61697

By A Smith (anonymous) | Posted March 28, 2011 at 15:40:24

Windsor: 6.35% Ratio of household income/total city revenues
Hamilton: 5.18% "
Burlington: 4.08%
Mississauga: 3.60%

Total city revenue % change 2005-09

Windsor: 8.59%
Hamilton: 30.20%
Burlington: 37.24%
Mississauga: 49.24%

As it appears, the greater the share of money that goes to city coffers, relative to the amount that families earn, the slower the city grows its revenues. In other words, when a city gets greedy, it makes itself less attractive for residents and businesses to locate there.

All this talk about where to locate a public stadium misses the point regarding Hamilton's growth. If we want more growth, more money needs to stay in the hands of the people.

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