Metropolis of Toronto workers are proposing a property tax improve of 5.4 per cent within the newest metropolis funds.
The property tax improve is along with an annual 1.5 per cent hike to the town constructing fund, which is a levy designed to assist fund vital infrastructure tasks. Consequently, taxpayers would see their bills improve by 6.9 per cent.
Mayor Olivia Chow says there may be cash within the funds to rent extra first responders, increase meals applications, and add extra condo inspectors to ensure rental items are in good situation.
The mayor introduced final week that the newest TTC funds would freeze fares for a second 12 months in a row. She additionally mentioned the town would rent extra site visitors wardens to ease congestion.
Finances Chief Shelley Carroll says the proposed funds continues the “journey toward fiscal sustainability” whereas strengthening core providers.
The proposed improve might be debated by metropolis council within the coming weeks earlier than being finalized.
