Toronto’s budget deficit, now at $1.5-billion, is not solely the responsibility of homeowners, so the city should not be expecting them to fund all its needs. Yet that is exactly what it is doing with its plan to raise property taxes by an astronomical 10.5 per cent.
It is neither equitable nor financially possible for many residents to pay such taxes. Indeed, imposing the responsibility of generating additional city revenue disproportionately on homeowners will only exacerbate the affordability crisis.
Toronto has many stupid peoples.
