Toronto must ‘do the share’ to solve mil-dollar shortage with possessions taxation expands, the latest charge: Chow

Toronto must ‘do the share’ to solve mil-dollar shortage with possessions taxation expands, the latest charge: Chow

Toronto could have yet another handle the brand new province to own monetary rescue, however, Mayor Olivia Chow says area owners may also need would their part to battle brand new $step one.5-billion shortfall – and that will mean property tax develops and you may the fresh new charges inside 2024.

Mayor claims tough decisions coming in town finances process starting second month

Mayor Olivia Chow stands for a great portrait at a good TTC turf immediately following a job interview to your CBC’s Shawn Jeffords to the . (Evan Mitsui/CBC)

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Toronto could have a different manage the brand new state for financial rescue, but Gran Olivia Chow claims urban area owners also have to perform their part to defend myself against the fresh $1.5-mil shortfall – and that will suggest possessions income tax expands and you may this new charges inside the 2024. […]