After the 2015 recession, the value of downtown office towers — that had once shouldered a high share of the city’s property tax burden — plummeted, leaving other businesses to pick up the slack. In recent weeks, some businesses have seen double-digit increases to their property tax bills. ARTICLE CONTINUES BELOWIn a Facebook post on Saturday, Nenshi described the motion as “too hard, too fast,” noting the uncertainty and scope of the proposed cuts. She didn’t co-sponsor the motion, although she supports the use of the $70.9 million set aside for relief. “The situation is dire and we have been very clear for months now — we’re going to need to find budget cuts,” she said.

Source: thestar June 09, 2019 23:15 UTC