Cities in Serious Trouble as People Can’t Pay Property Taxes

by Mike ‘Mish’ Shedlock
Mish Talk

Cities are struggling with falling revenues and property tax collections.

City research in Vancouver shows found 25% of residents can’t pay property taxes and a whopping 50% struggle with rent.

The story is not just about Vancouver, Canada. Rather it applies to cities globally, all facing a similar setup.

Please consider Vancouver Mayor is Worried Over Property Tax Collection.

Kennedy Stewart said Sunday the city could lose up to $500 million from its operating budget, which would be “absolutely devastating.”

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