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Will taxpayers end up subsidizing Ajax mine?
Regarding the proposed Ajax mine undergoing a supposed review, I would like to add my thoughts to the disastrous effect this will have on Kamloops.
Should this mine be developed, it will forever change the character of Kamloops as a desirable community to live.
I have nothing against resource development in general, but the idea of an open-pit mine such as this in the City of Kamloops is insane.
Other people have commented on the negative effects Ajax will have on the community, so I would like to point out one additional negative effect I haven’t yet seen mentioned.
Should this mine be approved, I believe there will be an obvious readjustment of property values within the community.
It would seem that many areas in South Kamloops will see an eventual reduction in value. Consequently, many areas of North Kamloops will see an increase in value.
Notwithstanding this adjustment in property values, it may be probable that within Kamloops, the result will be a net reduction in overall property-assessment values.
I wonder how city hall will adjust to this?
Will council bring in a reduced city budget? Will staff be laid off? Will our mayor and city councillors step up to the plate and take pay cuts?
I think not.
It seems to me that, in the event city tax revenues fall as a result of this readjustment in property values, the probable result is the usual raise-the-taxes approach — in this case, an increase in the city’s property-tax mill rate.
Should this be the case, residents — most of whom will not derive economic benefit from this proposed mine and who will suffer from its negative effects — will, in effect, be financially subsidizing Ajax.
If this is the case, many citizens of Kamloops will see their property-tax bill rise without regard to their income.
In effect, we could have low-income families, seniors and others paying to help a multi-billion-dollar international corporation destroy our city.
Kamloops in recent years has managed to increase its economic base in a more intelligent matter with sports, adventure tourism and other lifestyle activities.
It has also promoted itself as a place for seniors to relocate.
Somehow I don’t think Ajax fits into this picture.
I am not looking forward to breathing toxin-laden dust in 40 C summer heat.