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By bigguy1231 (registered) | Posted October 24, 2010 at 15:59:51
MAW
There is nothing wrong with the city carrying a debt as long as it is managed properly. The debt of the city of Hamilton is no worse than most cities of similar size and age.
Places like Brampton and Mississauga for the most part are fairly new city's. Mississauga is just getting to the point where their infrastructure is going to have to be replaced. They are already talking about %10 property tax increases there. In the next ten years things are going to even out between cities as far as property taxes are concerned. Once that happens this city is going to be in a good position to compete once again.
We are ahead of the game, since we have already experienced what they are about to go through.
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