Breaking down Toronto Mayor Olivia Chow’s proposed 6.9% tax hike

[Fun For All]

6.9%? Holy fuck, that’s a lot…does it include any traffic plans?

 

[basketcase]

So 7% in 2023, 9.5% in 2024 and now a proposed 6.9% in 2025. That's a total of 23.4% over the past 3 years. ...

Someone's not very good at math.

 

[Anbarandy]

6.9%? Holy fuck, that’s a lot…does it include any traffic plans?

You don't know?

 

[Fun For All]

You don't know?

I guess not

 

[Anbarandy]

I guess not

Fret not, it's endemic within this thread and with most all things regarding the City of Toronto.

 

[csmitting]

The budget sets the property tax increase for owners of multi-residential properties at 2.7 per cent, half the regular residential rate. That’s below a provincial threshold that allows multi-tenant landlords to pass on the cost of property tax hikes to their tenants.

It’s cute you think rent won’t go up.

 

[blackjackshelac]

Useless human being