Suddenly, Doug Ford admits Toronto's finances aren't sustainable
Suddenly, Doug Ford admits Toronto's finances aren't sustainable
Toronto has some of the lowest property taxes in the province. That is all well and good if you're flush with cash, but... Why does the obvious keep getting overlooked?
Wait till you find out not only have they not been increasing the tax rate but they also use property values from 8 years ago.
but they also use property values from 8 years ago.
That's true across the province. That has no impact on the total amount collected, though.
It really only means that properties that have been improved over those years might be paying less than their fair share (with others paying more than their fair share). That might be of concern to individuals, but makes no difference to the city.
Go ahead Doug, kill your golden goose. I dare ya.