Toronto’s proposed 2025 budget includes a 6.9 per cent property tax hike, with Mayor Olivia Chow promising the revenue it raises will enable critical investments in libraries, police, transit, housing and other vital services.
The budget will deliver “change in Torontonians’ lives today,” Chow told reporters inside city hall Monday morning alongside budget chief Coun. Shelley Carroll to launch this year’s budget process.
The 6.9 per cent figure includes a new 5.4 per cent hike, plus a 1.5 per cent increase to the city building fund dedicated to capital expenditures for transit and housing.
One Term Chow.
