Keep in mind this number: a base amount of $200 million. That (plus many millions more) measures three separate things – but together they say a lot about our perceptions and priorities.
AMOUNT TO BE RAISED BY 0.5 PERCENT INCREASE IN SALES TAX:
It is estimated the tax increase would raise $250 million per year to fund the mayors’ plan to spend $7.5 billion on regional transit improvements over the next 10 years.
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AMOUNT TRANSLINK HAS SAVED SINCE 2012:
That $240 million is a result of reduced costs and increased revenues to maintain current service levels and system investment. Some trade-offs impacted customers and staff, such as reallocating services and reducing recovery times.
- $90 million through cuts to administration and operating costs
- more than $25 million in savings on goods and services
- $45 million in revenue
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AMOUNT RICHEST 2 PERCENT OF BRITISH COLUMBIANS WILL RECEIVE IN A TAX DECREASE:
During the budget briefing, Finance Minister De Jong confirmed there are no plans to bring in legislation to extend a tax rate increase from before the last election, delivering a tax reduction to the highest income-earners.
The first we vote on, the third is automatic, the second hardly anyone knows about, or dismisses.