Mayor Olivia Chow says a tax increase is needed to help shore up city services. She will present her draft of Toronto's budget on Feb. 1.
Mayor Olivia Chow, who's proposed a 6.9 per cent tax increase on homeowners in 2025, says the city needs to invest in services after a "decade of neglect." Her finalized budget will go to city council on Feb. 11.Mayor Olivia Chow, speaking to reporters on Jan. 13 about the first version of her 2025 city budget, presented the final version at an announcement Thursday. The new version includes few changes from the original.
"Tough choices have to be made as we continue to climb out of a decade of neglect," Chow told reporters, defending the proposed tax increase. "We cannot balance our budget on the backs of cuts to the city services people rely on." "What they said really confirmed the proposed budget that we launched," she said. "We must invest to make life easier."Olivia Chow says tackling the city’s housing crisis continues to be her top priority. CBC’s Shawn Jeffords spoke with Chow one-on-one to reflect on her time in office this year and the city’s continued financial challenges.
"Clearly, hasn't been listening," Bradford said. "This budget continues to be very out of touch with the priorities of everyday folks here in the city, and the number one thing is affordability."Toronto Mayor Olivia Chow has released a proposed 2025 city budget that includes a 5.4 per cent property tax increase and the annual 1.5 per cent "city building levy." CBC’s Sarah MacMillan breaks down what Toronto residents need to know.
The increases would amount to an additional $268 annually for the average Toronto homeowner, according to budget documents released earlier this month.Advocates say not enough spending on youth issues Chow said earlier this month that the city has been working to create employment opportunities for young people, including by increasing its parks and recreation budget and hiring more youth in the division.
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