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This analysis explores the interplay between the public sector and inflation, examining how public spending, extravagant salaries, tax increases, and user fees contribute to rising costs. Despite an average inflation rate of slightly over 2% over the past decade, property taxes have surged at a faster pace. Additionally, the impact of settlement packages and the management of public services are scrutinized. By highlighting key societal trends, this piece aims to foster understanding of the public sector's financial dynamics and their possible implications for citizens.
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Societal Trends and Issues Public Sector Inflation Public Sector – Driving Inflation?
Societal Trends and Issues Public Sector
Societal Trends and Issues Public Sector Greater Public Exposure of Perceived Public Sector Extravagances Salaries Settlements Tax Increases Fees Services
Societal Trends and Issues Public Sector - Salaries
Societal Trends and Issues Public Sector - Salaries
Societal Trends and Issues Public Sector - Salaries
Societal Trends and Issues Public Sector - Settlements Addressed 5 of 228 Complaints in 3 years Abruptly quit her job Received $530,000 in Severance Pay
Societal Trends and Issues Public Sector – Tax Increases Victoria – Initial 4.7% Victoria – Target 3.2% Guelph – Base Budget 4.5% Guelph – Target 3.0% For the past decade inflation rate have averaged slightly over 2% For the past decade property taxes have increased at a greater rate than the rate of inflation
Societal Trends and Issues Public Sector -Fees
Societal Trends and Issues Public Sector - Fees User Fees Fees Added to Property Taxes Fees Added to Gasoline Carbon Tax Added to Gasoline
Societal Trends and Issues Public Sector - Services BC Hydro – $1,000,000,000 For Smart Meters Site C Dam – Peace River Recover From Previous Decisions to Maintain Service Levels
Societal Trends and Issues Public Sector Business Reaction Expectation Management Employment policies and contracts Ensure awareness of ALL the laws, rules, etc. and obtain pre clearance Work with governments - incentives Public Sector Risk Management Reputational Value for Money Sustainability of Programs Increased Accountability and Monitoring Improved Information and Reporting