The "Nanaimo City Updates" Document sent out to every household includes several absolute assurances to taxpayers regarding no tax increases required for the proposed Events Centre.
At the open house held February 09, for the first time, the City acknowledged that there are, in fact, significant risks that make these statements qualified. The City now says "the funding strategy...is subject to change", and that, "changes ... may impact future property tax increases and the City's capital program".More at: Former #Nanaimo City Manager disputes @cityofnanaimo multiplex claims: risk analysis, funding assumptions, tax increases etc... Nanaimo Commons - Former #Nanaimo City Manager disputes...
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