The provincial portion is levied by the Government of Ontario to pay for education. The proportion of your residential property tax which goes to the province is 33 per cent, and the remaining 67 per cent goes to the city. The impact of downloading, restructuring, and infrastructure support gives City Council little choice but to spend more money this year. Council must not 'cut to the bone' in ways that damage Toronto. We need to work together to find ways to generate the money needed to support a vibrant, healthy city.
Equity is critical to any good tax system.
Tax increases should be borne by all property owners. The regulations under Bill 140 must be changed to permit tax increases to be levied against all property owners. There's another issue of fairness. Toronto needs adequate funds. Those monies are available, but are being drained away by the Provincial and Federal Governments rather than being used to address Toronto problems.