Seriously, folks. This is just too good and deserves an “I told you so”.
Despite increasing fares so that a round trip from Vancouver to Surrey costs in the vicinity of $10 now (oh and don’t forget the TL Board’s raises – that they approved themselves), TransLink is facing a $300 million shortfall by 2012.
You see, there are two ways TL can raise money. The first is to increase fares. The second is to increase property taxes.
Yes, that’s right. An unelected board can raise your property taxes. And whether you rent or own (or the bank owns it), you’ll feel the hit.
So write your mayor (and all mayoral candidates). And let them know what you think.
More later, but for now I have to go to work.
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