Shockingly (note SARCASM alert) the City of Toronto is going to bump property taxes AGAIN this year. So in 2008 and 2009 they will have instituted their own land transfer tax as well as raised property taxes by 3.75 % and 4%. Couple this with the 20% property assessment raise over the next four years (5% per year) and you have to wonder what the politicians are thinking.
Want to solve the Toronto budget crisis? Cut back on special interest social projects, levy user fees Monday to Friday for 905 commuters to the downtown core (toll the inbound roads) and cut back Toronto City payrolls.
