Property tax exemption

Our property taxes keep going up for home owners in Kelowna. For some reason city council has decided to give a tax break to developers to build rental apartments. A building on Enterprise Way will be subsidized for $42,000 a year for ten years, now they want too extend that out to twenty five years. That is over one million dollars in taxes we will never see, this is only project.

If you take the 80 units in this building that are rented out for $1,000 a month that works out to about $950,00 a year in rental income, who needs a tax break?

If a private citizen wanted to put in a legal suite and asked for a subsidy I wonder what would happen?

Who is city hall representing the citizens or big developers?

Remember this at election time.

James Walker