Toronto may have a new deal with the province for financial relief, but Mayor Olivia Chow says city residents will also need to do their part to battle the $1.5-billion shortfall — and that will mean property tax increases and new fees in 2024.
Chow made the comments to CBC Toronto in a wide-ranging year end interview.
The new mayor and Premier Doug Ford announced an agreement last month that will see the province provide billions of dollars in aid and upload the Gardiner Expressway and Don Valley Parkway. But Chow says the city has to be willing to show it will make sacrifices as well to fix the city’s structural deficit.
