Great Yarmouth Borough Council’s Post

🎯 We help individuals, organizations, and their professional advisors by providing credible valuations and practical guidance. We also strive to spread awareness and educate our followers on some of the less-understood or misunderstood nuances concerning valuations. By enhancing the accessibility of technical knowledge and promoting respectful dialogue on complex issues, we hope to encourage sound decision-making that maximizes value for our diverse communities and their unique needs. 📚🧠👂👀🗣💓👥 If our posts resonate with you, we invite you to consider: ➕ following our page 👍 liking, commenting or sharing our posts 🤝 referring us to someone in your network who may benefit from our services 📱📧 contacting us for a confidential conversation to discuss your circumstances #valuationsimplified #consulting #appraisals #business #entreprenuership #realestate #duediligence #forensicvaluations #litigationsupport #cre #smes #calgary #brampton #toronto #yycbusiness #gtabusiness

https://lnkd.in/g83pzWwp A Windsor councillor is warning the city’s reliance on one-time funding in the proposed 2025 budget could create financial challenges in future years, putting long-term sustainability at risk. The proposed budget includes $14.5 million in new spending and a 2.99 per cent tax increase. However, an additional $6.35 million in spending, not included in the tax hike, is set to come from one-time funding — a move that has Coun. Fred Francis concerned about the city’s financial strategy. “If you don't have a full-time, sustainable funding source, next year and beyond, you’ve got to pay for it somehow — either through increased taxes, drawing on reserves, or taking on debt — all things we don’t want to do,” said the city councillor for Ward     City of Windsor CTV News #FiscalGap #LocalGovernment   Local Government – Analysis and Commentary – January 2025 - https://lnkd.in/gfbucdUj  

🚨 Scottish Budget 2024: ADS Increased to 8% 🚨 Shona Robison’s Scottish Budget has raised the Additional Dwelling Supplement (ADS) by 2%, now at 8%, effective 5th December 2024. This applies to second homes and buy-to-let properties, with significant financial implications. 💷 On a £200,000 property, the ADS increase means an extra £4,000 in tax. Transitional arrangements offer limited relief, but many buyers may still face unexpected costs. 💡 Unintended consequences: If your property sale falls through and you temporarily own two homes, you’ll be liable for ADS – even if you plan to sell your existing property later. Our experienced solicitors in North Berwick and Dunbar are here to help you navigate these changes and manage your property transactions. 📞 Get in touch today for expert advice! https://lnkd.in/eipVqCPr #PropertyLaw #ScotlandBudget #ADS #LBTT #TaxAdvice

Your money, your say 💷       Basildon Council receives 14% of residents’ Council Tax to help fund vital services for local people and businesses.  It’s important we spend the limited resources we have on the things that matter most to you.          Councillor Gavin Callaghan, Leader of Basildon Council and Cabinet Member for Finance, Corporate and Regeneration, stressed the importance of resident engagement in the budget setting process: “Setting a balanced budget is essential to ensure that the council can allocate resources effectively – protecting the vital services that our residents rely on while maintaining the financial stability of the council. With the ongoing national financial pressures, councils across the country are facing significant challenges. Basildon is not immune to these challenges; we know it's going to be tough. Despite this, our priority remains clear – we will set a balanced budget using your feedback that reflects the wants and needs of our communities.”     Your voice matters! The information gathered from the consultation will directly influence the budget and council tax for 2025/26.       📣 Have your say - https://lnkd.in/etDdPszR              🗓️ The consultation closes on Sunday 27 October 2024. 

On April 16, the Federal government released the 2024 budget; here are some of the highlights of particular interest. Connect with me if you would like to discuss how this may affect your personal situation. #federalbudget2024 #igprivatewealthmangement #financialplanning #taxplanning

Bridgewell Financial Partner Mike Tranter B.Eng, QAFP™ was quoted this week in a Cottage Life article discussing how the increased capital gains inclusion rate in the recent 2024 federal #budget will impact cottagers. As Mike notes in the piece, cottage owners will continue to have #taxplanning options (if they own a home, as well) when they sell or pass the cottage to their kids, so they can maximize their principal residence exemption. While not quoted in the article, Mike would also add: “Maintaining receipts and accurate bookkeeping of all capital improvements to your cottage, or your home, is very important because it increases your cost base, which will ultimately help reduce your capital gain.” Mike emphasizes the importance of working with your professional advisors so they can help you plan ahead, potentially saving you thousands of dollars in tax. Read the full article here: To discuss #financialplanning and #taxplanning strategies for your family cottage, contact a member of the Bridgewell Financial team. https://lnkd.in/geEpDVef

News release: Council passes 2025 Capital and Operating budgets Cold Lake, AB – Cold Lake City Council passed its 2025 Capital and Operating Budgets on Tuesday, as council continues to grapple with increasing costs while trying to pass as little of the inflationary pressure on to taxpayers. The budgets were passed with a total of just under $73.4 million in expenditures. The 2025 Operating Budget was passed at just over $59 million, inclusive of a transfer to the capital budget of $6.6 million. The Capital Budget includes just over $14.4 million in funding. A forecasted average 4.39 per cent increase in property taxes is expected to balance the budget. Property taxes are levied proportionate to the assessment of property in the community. An individual property’s municipal taxes may increase or decrease at a different rate, depending on each property’s assessment increase or decrease relative to other properties. Read full release here: https://lnkd.in/gh3UcjiH

Today, in a new report, Localis has called for political courage from the Government to reform the local government finance system in next Spring's #SpendingReview. As part of their proposals for 'radical reform', Localis are calling for the #devolution of revenue-raising powers to councils, including 'tourist taxes' and environmental levies; reforming of business rates; and either revaluing council tax bands or adding more and removing the single-person discount. In the recent #Budget however, the Government did confirm they will be looking at reforming funding allocations, potentially aligning funding with deprivation levels, and that there will be fewer grants and they'll be consolidated. It also confirmed that Greater Manchester and West Midlands will receive integrated settlements from 2025-26. These measures could suggest the Government are open to looking at reforming #LocalGov finances and fiscal policy but it will be interested to see how this develops. https://lnkd.in/eD9fvDRq

an opinion on the question, on the issue for raising revenue in all levels of government, the issues , the ramifications. Firstly, Our US Constitution provides the three levels of government the mandate to raise revenue. For example, the mayor of the city of chicago is proposing to raise seventy million dollars for both services, housing, medical care for the migrants, the current city of chicago total is thirty eoght thousand, thus the nine million that have crossed the southern border since 2020. Our US Constutution clearly states the electorate decide pro. or con, either in an election year, vote, or lobbly the locality of the level of the government. The ramifications, a service or an emergency needed to fill the void, or increase of prices on goods and services at the free enterprise market, or in residential complexes, an increase in rental, homeowners association, tax incease of the actual building, the owners real estate. The US is experiencing an inflationary economy, the increase of prices on goods and. services, and the many vacant business s,since the pandemic, 2020. Illinois and many blue states pay the highest tax rate across the US, the red. states are lower taxes, thus incentives for small and large business s to start up,while the US Congress approved an huge spending package for the milliions of migrants, so, where is the beef. Many decades, an formula for government vs business, to assure the growth of free enterprise, sustain spending levels at all three levels of government, its time to get back to business again.

Despite a mid-year budget deficit that emerged this summer, County Executive David Crowley's 2025 Milwaukee County budget proposal largely avoids harmful service cuts. It also boosts spending on public safety while limiting withdrawals from reserves, our new budget brief finds. By increasing state aid to counties and allowing Milwaukee County to increase its sales tax, 2023 Act 12 has helped the county make considerable progress in reducing its structural budget gap. But the sizable impact of Act 12 notwithstanding, it may dissipate more quickly than expected. The county is likely to return to budget-cutting mode as soon as 2026, and almost certainly by 2027. It faces mounting public safety costs, a looming fiscal cliff for transit, and perhaps most concerning, a capital projects backlog with a price tag that may soon approach $1 billion. What's more, future options to address these challenges remain limited --- and circumstances may require county leaders to step up the search for budgetary savings.