Bracebridge considering the benefits of increasing HST in Ontario
A small addition to HST could pay off big for communities across Ontario.
The Association of Municipalities of Ontario is suggesting the province add one per cent to the Harmonized Sales Tax. AMO believes this could bring in $2.5 billion yearly revenue which would be earmarked for municipalities across Ontario.
Bracebridge officials think this plan could help fund some of the local infrastructure costs and take the pressure off the taxpayers. Town officials say nearly $100 million will be needed over the next ten years to pay for various projects, repairs, and upgrades. This includes an ongoing need to fix deteriorating roads in the community as well as building a new arena and library complex.
Bracebridge council will decide tomorrow night whether or not it wants to support AMO’s Local Share plan. The council meeting runs at the town office at seven.