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‘Shakedown’: Toronto MP slams city’s threat of a 16.5% property tax increase if Ottawa doesn’t boost support

A Toronto MP is lashing out against the City of Toronto’s proposal to tack on an extra six per cent property tax increase to a base proposal of 10.5 per cent more if the federal government doesn’t provide the city with additional funding to support refugees and asylum-seekers.

The proposed 2024 city budget released last week — the first of Mayor Olivia Chow’s tenure — includes a nine per cent property tax increase, as well as a 1.5 per cent hike to the city building fund.

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