Attached are some of my comments shared during the 2016 budget debate. My challenge to council as we move closer to the 2017 budget process is, “how are our decisions on taxation supporting vulnerable home owners in Guelph”.
National study’s would suggest that as many as 11,000 households in Guelph are currently living paycheque to paycheque while trying to own or pay a mortgage on their home. This represents a significant demographic in our city that is truly exposed to sudden spikes in taxation and/or inflation. These households are not wealthy. Their savings are invested in their homes and they’re relying on that investment to be their primary source of long term security as they retire, start a career or seek to raise a family in Guelph.