Published 2 years ago

Toronto's 2022 proposed budget includes biggest property tax hike imposed during Tory's tenure

Summary by Ground News

The $14.9 billion operating budget was tabled during a meeting of Toronto's budget committee on Thursday morning. It includes a 2.9 per cent residential tax increase, as well as a 1.5 per cent increase to the city building levy. The proposed tax rate represents a significant increase from 2021 when the city was able to limit the tax hike to 0.7 per cent, which was the lowest of Mayor John Tory's tenure.

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Toronto's 2022 proposed budget includes biggest property tax hike imposed during Tory's tenure

Toronto's proposed budget for 2022 includes the largest residential tax hike of Mayor John Tory's tenure as the city faces significant pressure from both rising inflation and the COVID-19 pandemic.

2 years ago·Canada

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CP24

Toronto's proposed budget for 2022 includes largest property tax hike of Tory's tenure

Toronto’s proposed budget for 2022 includes the largest residential tax hike of Mayor John Tory’s tenure as the city faces significant pressure from both rising inflation and the COVID-19 pandemic.

2 years ago·Toronto, Canada

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Toronto's 2022 proposed budget includes biggest property tax hike imposed during Tory's tenure

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Toronto's 2022 proposed budget includes biggest property tax hike imposed during Tory's tenure

Toronto's 2022 proposed budget includes biggest property tax hike imposed during Tory's tenure

Toronto's proposed budget for 2022 includes largest property tax hike of Tory's tenure

Toronto's proposed budget for 2022 includes largest property tax hike of Tory's tenure

Coverage Details

Bias Distribution

Ownership

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