Increasing Lunacy
As in the US, the Toronto government has done a great job of trashing the economy. Job losses, empty buildings, declining real estate values, things that IF the government was doing good things, would have resulted in more money coming in on the merits from economic growth.
So what to do? Jack up taxes for economic destruction well-done!
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Torontonians could be in for a double-digit tax hike in Mayor Olivia Chow's first budget, the largest single-year increase in the city's post-amalgamation history.
[Snip]
The higher taxes would raise revenue badly needed to tackle Toronto's pandemic-driven financial crisis, but is certain to provoke backlash from residents already struggling with escalating costs of living.
[After enthusiastically promoting the Scamdemic, the city plans to reward itself for its participation in massive lying as well as widespread human and economic demolition.]
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The tax increase could grow larger if Prime Minister Justin Trudeau's government doesn't meet the city's request for $250 million in funding for emergency refugee shelter, a sum that's equivalent to a 6 per cent property tax increase.
[Those who still have a home or business will be forced to pay more for those who were imported to help create more carnage. Brilliant...ly evil!]
[Snip]
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[I]n a statement, spokesperson Arianne Robinson said the city was facing a $1.8 billion operating shortfall headed into this year.
[The government doesn't have to live within its means. Citizens barely hanging on as it is will have to cut back even more. Maybe give up one of their three daily meals?]
[Snip]
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Coun. Gord Perks (Ward 4, Parkdale-High Park), a veteran progressive and an ally of Chow's, said it would be a mistake to focus only on the property tax rate.
"The City of Toronto can't be reduced to a single number," he said, arguing that creating a liveable city requires public investment.
['Livable" for people who have done nothing to create economic growth, whose invasion of Toronto is to facilitate The Great Reset.]
Toronto’s 2024 budget may include historic double-digit tax hike