Toronto 2025 Budget Unveiled
This is a Chow news story, published by torontosun, that relates primarily to Olivia Chow news.
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property tax increasetorontosun
•Another huge property tax hike? Concern as Mayor Chow set to unveil city budget
78% Informative
Mayor Olivia Chow is facing a shortfall at City Hall likely north of $1 billion for the second straight year .
Last year , homeowners were slapped with a 9.5% property tax hike in Chow ’s first budget as the city faced a $1.8-billion hole.
On Monday , Chow will reveal her priorities and how they will affect this year 's property tax hikes.
Toronto Police Service Board approved a $46.2 million increase, or 3.9% hike, for policing in December .
Toronto Police said this years $1.2-billion financial plan will see the force grow by 100 officers.
Lily Cheng , councillor for Willowdale , said any budget proposal that freezes property taxes would likely require a reduction to city services.
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