It's on prepared food and beverages...so if you don't eat out, it doesn't affect you.
Exactly. I see people complaining about property tax or hotel. This is a 1% increase on food and bev. which will bring in ~$25M a year. I love consumption tax for this sort of thing.
However my question is , what happens when the renovations are done? Governments are good about raising tax but I doubt there will be a motion to remove it later.