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John Tory proposes property tax levy to pay for transit, housing

from Toronto Star

Mayor John Tory says he believes Torontonians will accept a "modest" tax increase as long as they're confident the money is going "exclusively to building a bigger and better city." Tory proposed an annual "city building" tax of 0.5 per cent added to property tax bills, dedicated to paying for transit and social housing infrastructure. He said it would be a clearly identified charge, start in 2017 and add about $13 to the average property tax bill of $2,654.50. more


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