Toronto’s budget chief is warning that a “substantial” property tax increase will be part of the city’s new spending package, as council grapples with a long-brewing fiscal crisis.
Coun. Shelley Carroll, who was appointed budget chief by Mayor Olivia Chow last year, had a blunt message when asked if property taxes are headed up: Yes.
And not by a small amount, she said, because Toronto needs to face its structural deficit head-on.
“I’ll go so far as to say it will be substantial, because we really have reached a point where if we’re having to solve our own problems, it means a substantial increase,” Carroll
