City of Toronto staff are proposing a property tax increase of 5.4 per cent in the latest city budget.
The property tax increase is in addition to an annual 1.5 per cent hike to the city building fund, which is a levy designed to help fund critical infrastructure projects. As a result, taxpayers would see their bills increase by 6.9 per cent or about $268.37 a year on the average home with an assessed value of $692,031.
She said the extra cash from taxpayers, along with the new deal with the province that will see Ontario take back responsibility for the Gardiner Expressway and Don Valley Parkway, have brought the city closer to closing the gap. However she added that they haven't entirely eliminated the fiscal challenges Toronto still faces.
The budget committee is meeting this morning to receive a full presentation on the proposed operating and capital budgets for the city. An Ottawa driver is speaking out after her vehicle was towed from a crash scene in early November and held for months during a dispute between a local tow truck company and insurance provider.Half of Canadians are $200 or less away from being unable to cover their monthly bills and debt payments, according to MNP Ltd.'s quarterly report on consumer debt.
The Windsor Police Service is reporting a 13.7 per cent increase in crimes against people in 2024, driven in part by cases of intimate partner violence.Driver charged with stunt driving for allegedly speeding 116km/h in 60 zone N.S. man charged with murder in fatal Centreville fire; woman's death suspected intimate partner violence
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