Canadian Taxpayers Federation
July 16, 2014
Seaterra’s proposed Esquimalt bribe should leave Capital Regional District (CRD) taxpayers Seaterr-ified.
With the $788 million sewage treatment plan reeling like a bloodied prizefighter on his last legs, the CRD voted last week to send a letter to every Esquimalt property owner, offering to pay a portion of the community’s capital costs in return for allowing a massive sewage plant to be built at McLoughlin Point.
The Times Colonist reported that the CRD believes this deal would bring the average sewage tax increase for Esquimalt residents down to $125 a year. But that number is wildly inaccurate – and should be considered by Esquimalt taxpayers as just more Seaterra spin.
Earlier this year, the Canadian Taxpayers Federation (CTF) released an independent report by off-Island Certified Management Accountant, Sacha Peter, showing the CRD was grossly downplaying the true tax implications of the Seaterra scheme. Back then, the CRD’s plan understated the average Victoria homeowner’s tax bill by $579 over the first six years, Esquimalt by $555, and View Royal by $195.