Ford Hints At Lower Property Tax Hikes.
The Mayor of Toronto has come up with a wish list for what he'd like to see when it comes to property taxes for the next few years.
The Globe and Mail reports Ford sent a letter to city manager Joe Pennachetti indicating he'd like to see a property tax hike of 1.75% or less in 2013 and then a property tax freeze in 2014. That's also an election year.
He'd like to see another 0% increase in 2015.
In the letter, Ford makes no mention of reducing or scrapping the land transfer tax.
The budget letter also calls for the building new arenas and pools, community centres, freezing solid waste rates and ending the annual water rate hikes of 9 per cent.