David Miller increased spending from $6.4 Billion, to $9.2 Billion. Bled the 'rainy day reserve fund' completely dry ($94.4 million when he took office in 2003 according to the Toronto Star) but the city doesn't have a spending problem?
And just for the record, Toronto Businesses (commercial occupied) pay 3.6% as compared to 2.14% (Markham) or 2.95% (Ajax). A quick look at this chart from -ironically enough- TREB shows that only Aurora has a larger spread commercial to residential than Toronto:
http://www.propertytoronto.com/TaxRates2010.pdf
The city is getting their pound of flesh, just not from residents.