Thursday, May 01, 2008

The city wants more cash from you, just as you make less than before

If you're feeling like you just don't have as much money as you used to, you're absolutely right. Census data released today shows that residents of Prince Rupert are finding a little less cash to jingle in their pockets and it has nothing to do with the taxation shakedowns from city hall of late.
While the city continues to increase taxation rates for Prince Rupert residents with a five percent hit to come on property tax bills this June, the actual available monetary assets of those being taxed are a little light of late.
The median income Prince Rupert workers, those who worked full time for a full year in 2005 was $41,050 compared to $48,286 in 2000. That's a fifteen percent drop in the bank balances of Podunkians, the second largest drop in the province next to Smithers which saw its collective income drop 22 per cent.

The Northern View provided a snap shot of the Census data in an on line report on their website today.

Prince Rupert median income sees double digit drop
By Shaun Thomas
The Northern View
May 01, 2008
Only online
Black Press

The median income of people in Prince Rupert fell significantly in the past five years, according to census information released today by Stats Canada.

The median income of people who worked full time for a full year in 2005 was $41,050 compared to $48,286 in 2000. That decrease equates to a 15 per cent decline, the second largest decline amongst cities in the province with a population over 5,00 behind only the 21.8 per cent decrease experienced in Smithers. The $41,050 is also below the provincial median income of $42,230, while the province as a whole experienced a 3.4 per cent decline in median income.
In comparison, Canada's median income increased by 2.4 per cent compared to the numbers from 2000.

The census information also shows that 19.1 per cent of the workforce in Prince Rupert is considered to be low income before taxes.

Look for more on the census information in the May 7 issue of The Northern View.

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