PROPOSED TAX HIKE, BUDGETS GO TO CITY COUNCIL

Feb 09, 2016

By Bob Komsic

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The city of Toronto’s executive committee has approved a residential property tax hike of 1.3%.
Budget chief Gary Crawford says the commitee listened to the public. 
Gary Crawford
”We heard very clearly from them that they wanted to assure that the city stays affordable.  So we had a goal of a 1.3, which is a cost of inflation, property tax increase.  So we achieved that through the budget process and through executive (committee).”
In addition, homeowners also face a 0.6%percent levee for the Scarborough subway.
If city council approves next week, the average homeowner in Toronto will pay an extra $51.24.
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