by Mike ‘Mish’ Shedlock
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.”