Last tax year, Renfrew property owners were assessed a 10% tax increase to compensate for the additional burden the completion of the Ma-Te-Way complex represented when the dust finally settled on that project.  That 10% increase yielded somewhere in the area of $1 million dollars, and it was proposed at the time that the full additional amount raised be applied to the Ma-Te-Way debenture for the entire thirty-year term of that instrument.

It seems like a clean solution.  Sure, nobody’s going to host a block party and applaud a 10% additional hit on their property tax bill, but you grit your teeth and carry on, taking some small measure of comfort knowing that the increase will be perpetually applied to the debenture debt load and interest.  But it still chafes to know that you’re paying this levy increase so that the books can look a lot better for property owners thirty years downstream from now.  But you do it because you’re an awesome citizen prepared to do your bit for the common good.  

Good for you, and thank you.