Comment 56520

By A Smith (anonymous) | Posted January 15, 2011 at 22:29:38

goin'downtown >> “Do parks need to be maintained at an average of $106k per full time employee?” If that is correct, that is insane. From where is this data cited?

According to the 2009 financial report put out by the city, we had 6,183 full time employees as of 2009. The total wages/benefits cost for employees was $656.1 Million. That works out to an average cost to taxpayers of $106.1K per full time employee. According to the 2006 Canadian Census, median income for people 15 years and older (who worked) in Hamilton was $26.4K.

If these wage costs were cut in half, to $53K per full time employee, still DOUBLE that of the taxpayers of Hamilton, taxpayers would save $328 million in taxes. Residential tax rates would go from 1.538% to 0.94%, still more than Toronto but a little less than Burlington and Oakville. Overnight, the tax cost per dollar of residential investment in Hamilton, would once again be competitive with our GTA competitors.

Wouldn't that help bring people and investment to our city?

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