Toronto must ‘do our share’ to fix million-dollars deficit having possessions income tax expands, the fresh costs: Chow

Toronto could have yet another deal with the newest province to possess financial relief, however, Gran Olivia Chow claims area citizens might need certainly to carry out the area to take on the fresh new $step 1.5-mil shortfall – and that will indicate assets income tax grows and you can the brand new charge in the 2024.

Mayor says hard conclusion coming in urban area budget techniques starting next times

Mayor Olivia Chow represents an excellent portrait in the an effective TTC grass just after an interview to the CBC’s Shawn Jeffords towards the . (Evan Mitsui/CBC)

Personal Revealing

Toronto may have a unique manage brand new province for economic relief, but Gran Olivia Chow states area people will even have to would the area to take on this new $step one.5-billion shortfall – and that will imply property income tax grows and brand new fees into the 2024.

The new mayor and you can Largest Doug Ford established an agreement history day that will comprehend the province render huge amounts of bucks into the support and you may upload the fresh new Gardiner Expressway and you will Don Area Parkway. However, Chow states the metropolis needs to be happy to let you know it can make sacrifices too to resolve the new city’s architectural shortage. (more…)

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