Taxes too high: Peter Sergakis
Peter Sergakis says city taxes are too high for his bars to profit.
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Nicholas 20:19 on 2024-01-28 Permalink
Maybe he should sell all his holdings and move away forever.
Ian 20:24 on 2024-01-28 Permalink
To be fair Sky rreally did revolutionize the gender exclusive clubs of the Village, but beyond that debt of gratitude, Sergakis is a cheap asshole who treats his tenants like shit.
Ephraim 20:51 on 2024-01-28 Permalink
I still can’t believe that anyone walks into any of his bars after he officially got caught under pouring…https://montreal.eater.com/2014/6/10/6209887/sting-uncovers-beer-scam-at-peter-sergakis-bars
steph 21:52 on 2024-01-28 Permalink
Why is he confounding property taxes and business taxes? How much of Sergakis’s holding are in property vs actual businesses?
Michael 09:25 on 2024-01-29 Permalink
He’s right that Montreal taxes the hell out of retail businesses and makes it hard for them to survive.
Property taxes for buildings that have businesses in them are taxed at 4x the residential rate. Those taxes are almost always passed on to the commercial tenant to pay.
Kate 10:12 on 2024-01-29 Permalink
Michael, the city is largely confined to raising money by means of property tax. What else can they do?
Tim 16:49 on 2024-01-29 Permalink
@Kate: the city can explore trimming expenses.
Ian 19:37 on 2024-01-29 Permalink
Well we ARE supposed to have a big, big conversation about defunding the police – but on the meantime, somebody has to pay for the clowns.
Michael 19:39 on 2024-01-29 Permalink
Police force is about 11% of Montreal’s budget, and every year it seems to go up, more police officers, more money. There seems to be nobody willing to do a hiring freeze of public servants.
Ian 20:29 on 2024-01-29 Permalink
Oh, didn’t you hear, Michael? According to Dagher there is actually a deficit of police, lol.
As the Law of Holes goes, “if you find yourself in a hole, stop digging.”
Michael 21:37 on 2024-01-29 Permalink
NYPD is only about 5% of New york city’s budget and we know how crazy the Americans are with their police and more crime. Something is very wrong here in Montreal.
Tim S. 22:19 on 2024-01-29 Permalink
29% of NYC’s budget is for education and 19% for social services, which as far as I know are provincial responsibilities here. So it makes sense that the police are a smaller percentage of the budget in NYC if the city overall has more responsibilities.
https://www.ibo.nyc.ny.us/iboreports/understandingthebudget.pdf
jeather 12:18 on 2024-01-30 Permalink
I compared our police budget with those of Phoenix AZ (slightly smaller) and Houson TX (slightly larger), and the budgets are: 850M Cad, 900M USD, 1B USD, respectively. So I guess it is good we spend less than the US, but that’s not even a low bar.