The June 2007 CTF report on proposed new taxes in Toronto calls for a moratorium on new taxes, suggests Toronto get its fiscal house in order and then seek voter support by holding a referendum during the next municipal election.

The Stronger City of Toronto for a Stronger Ontario Act, 2006 (short titled the City of Toronto Act) was passed into law and gained Royal Assent on 12 June 2006. The law came into force on 01 January 2007. The Act cleans up some 350 pieces of legislation sensibly granting the city regulatory powers to set irregular bar hours, designate traffic signage, designate transit lines, establish the size of council, create a lobbyist registry and introduce traffic calming measures. However, the Act also provides the city with new powers for revenue generation including the power to introduce new taxes.

In March 2007, the city of Toronto issued a report entitled A Discussion of Public Policy Revenue Tools under the City of Toronto Act, 2006 and requested response. This report responds to the Discussion Paper....

Download and read the full report.

Downloadable Version: 

159.pdf

By: Kevin Gaudet
Posted: June 20, 2007
Topic: Ontario

Type: Presentations

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