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LETTER: CRD tactic goes from saving to borrowing

Buried away in the 1,731-page Oct. 27 CRD committee-of-the-hole report (and I did not misspell that) is a link to another report from the regional parks committee with this recommendation: B次元官网网址淭he Regional Parks Committee recommends the Committee of the Whole recommend to the Capital Regional District Board that the annual land acquisition levy be used to implement a debt financing strategy for future land acquisitions.B次元官网网址
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Buried away in the 1,731-page Oct. 27 CRD committee-of-the-hole report (and I did not misspell that) is a link to another report from the regional parks committee with this recommendation: B次元官网网址淭he Regional Parks Committee recommends the Committee of the Whole recommend to the Capital Regional District Board that the annual land acquisition levy be used to implement a debt financing strategy for future land acquisitions.B次元官网网址

The board wants to go from saving B次元官网网址 if any tax can seriously be called that B次元官网网址 to borrowing, using the land acquisition tax for loan payments on massive land purchases for parks to aggravate further the already critically short inventory of buildable and taxable residential land.

The only hold-out on the parks committee vote was Metchosin Mayor John Ranns. ItB次元官网网址檚 not clear why Sooke Mayor Tait would be all hands-up on it at the parks committee since CRD Park acquisitions and district parks have already sucked 30 percent out of the Sooke municipal tax base CRD wonB次元官网网址檛 even allow bicycles in a park.

This lunacy will immediately put the taxpayer at least another $50 million in debt, and there will be no way for any future board to do anything about it.

The recommendation should be to immediately re-allocate whatever money they havenB次元官网网址檛 already blown to wildfire protection and kill off the everlasting creep of the land acquisition tax.

Terrance Martin

Sooke



editor@sookenewsmirror.com

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