Business tax break a sign that council is listening

The City of Victoria is investing in the business community by continuing to lower the gap between commercial and residential taxes.

The Chamber has worked with municipal councils over the years, asking them to mind the gap that had been increasing in years past. Through letters and presentations, The Chamber spoke up for the local jobs and services that businesses provide to a municipality. We also explained the challenges with tight margins that many businesses are facing.

Victoria Council is committed to lowering the rate charged to residents and that charged to business to 3:1 by 2030. It was 3.7:1 last year and is 3.5:1 this year.

“Businesses don’t receive the same level of service that residents do, yet they consistently are asked to pay a higher tax rate,” Chamber CEO Bruce Williams said. “In the past, we were hearing concerns that some councils saw increasing business taxes as a politically expedient way to raise money — businesses don’t vote so maybe their individual complaints matter less than a resident that does vote. Thankfully, our experience with councils has been less cynical. Municipalities get the value of the business community — and the know The Chamber will remind them if they ever forget.”