Comment 119089

By Noted (anonymous) | Posted June 06, 2016 at 13:10:10

Hamilton city manager Chris Murray said it's a huge issue facing Hamilton - a lot more industrial, commercial and office development is needed. "If we worry about anything, it's that reliance on residential tax base," Murray said. "We want to attract business." But, Murray explained to a sparsely attended public meeting at Dundas town hall on local property taxes last Thursday, the city would need the equivalent of three Arcelor-Mittal steel companies setting up shop to drop the residential tax base reliance from 88 to 87 per cent. An average municipality is around 85 per cent - or the equivalent of adding nine Arcelor-Mittals.

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