Public Sector – Driving Inflation? 1 Societal Trends and Issues Public Sector Inflation.
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19-Dec-2015 -
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Transcript of Public Sector – Driving Inflation? 1 Societal Trends and Issues Public Sector Inflation.
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Societal Trends and Issues
Public Sector
Greater Public Exposure of Perceived Public Sector Extravagances
Salaries
Settlements
Tax Increases
Fees
Services
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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
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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
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Societal Trends and Issues
Public Sector - Fees User FeesFees Added to Property TaxesFees Added to GasolineCarbon Tax Added to Gasoline
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Societal Trends and Issues
Public Sector - Services
BC Hydro – $1,000,000,000 For Smart MetersSite C Dam – Peace RiverRecover From Previous Decisions to Maintain Service Levels
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Business ReactionExpectation ManagementEmployment policies and contractsEnsure awareness of ALL the laws, rules, etc. and obtain pre clearanceWork with governments - incentives
Public Sector Risk Management
Reputational Value for MoneySustainability of ProgramsIncreased Accountability and MonitoringImproved Information and Reporting
Societal Trends and Issues
Public Sector