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Budget committee nixes land transfer tax rollback

Rob Ford pushing for 5% cut

"We need the money".

That's Toronto city staff's explanation for recommending against a reduction to the municipal land transfer tax.

At a meeting of the budget committee Wednesday, staff called the tax "an important and significant revenue stream" and the city needs "every penny".

Toronto expects to pull in $335-million from its land transfer tax in 2014. A 5% cut would cost the city about $17-million.

While councillors worried about how the city could re-coup lost revenue and the potential harm it might do to programs and services, the mayor stressed that the city did just fine before the tax was introduced in 2008.

"We didn't have that 330 million dollar cushion. But we survived, we delivered the services...That's quite a bit of gravy if you ask me", Ford told the budget committee.

Councillor Paula Fletcher admitted council has failed to communicate what the city does with the profits.

"There's been this notion somehow, that the land transfer tax is a gravy tax. That it's for frills, that it's for throwing out the window", said Fletcher.  But she thinks Torontonians ought to know "that's paying for that stop sign that you wanted, that's paying for the lighting upgrade that you wanted, that's paying for your park improvements".

Councillor Doug Ford believes that council is operating under a sense of entitlement. Rob Ford says councillors seem to be putting themselves first, "and that the revenue is more important in their pockets, how they're gonna spend it,  instead of the taxpayers spending it".

Toronto's executive committee picks up debate on the city budget January 22nd. It will be on the agenda of city council at their meeting starting January 29th.

RELATED: Planned tax increase down, mayor pushing for bigger drop

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  • 13
  1. Frankie posted on 01/09/2014 07:01 AM
    Welcome to Toronto's version of the Ontario Liberals (with few exceptions). Why would these councillors reduce the tax when they don't give a damn about wasting our money?
  2. don was right posted on 01/09/2014 09:18 AM
    Left wing commie pinko Fltcher wants to tax a very small segment of city residents to pay for her gravy train handouts. If its worth doing then evryone should pay for it. Otherwise its waht she sees as a tax on teh rich that can afford to own a house.

    Vote Ford.
    1. Peter posted on 01/09/2014 11:45 AM
      @don was right .
      Thank you for your comment Don.

      Yes, me too: Vote Ford

      - I wish I got one of those bobble heads.

      .
  3. Karl Burgin posted on 01/09/2014 09:48 AM
    "Councillor Paula Fletcher admitted council has failed to communicate what the city does with the profits."
    Translation:
    This is our slush fund we're talking about.
    1. Peter posted on 01/09/2014 11:46 AM
      @Karl Burgin I agree.
      - You took the words out of my mouth.
  4. AC posted on 01/09/2014 10:01 AM
    "and that the revenue is more important in their pockets, how they're gonna spend it"

    If this right wing jacka** comes out with rhetoric like this after the funds go to help people in this city pay for city services and improvements to our community i not only would go up to him and tell him to keep his effing mouth shut like it was done to bro but i would slap him on his fat head and say how dare you say that when our job as councillors is to look after the people of the city
    1. Mark7 posted on 01/09/2014 10:42 AM
      @AC Silly language like bro...sigh...blah blah blah...keep ranting...You never grew up out of your schoolyard mentality. So if you beat him up that makes you in the right?! NEVER! How sad an individual you are.
  5. john posted on 01/09/2014 10:34 AM
    good i am still voting for ford no matter what he is the best we got .
    1. Peter posted on 01/09/2014 11:41 AM
      @john .
      - Me too.
      * * * Re-Elect Ford For Mayor * * *

      One more thing:
      Research Forum poll reports this week that Mayor Fords approval rating has increased again.

      His approval rating increased 5% from 42% to 47%

      Good going Mayor Ford

      Thank you NewsTalk 1010

      .
  6. Joao posted on 01/09/2014 11:32 AM
    3 plus years of nothing but toxic politics in our city. Until we wipe out the toxic brand of dividing politics and sheer incompetence from the Fords. This family will continue to be nothing but a distraction and embarrassment.
    Comments like the revenue is more important in their pockets.
    Good Lord man! playing politics with people trying to provide programs and services to the people of the city is not putting money in pockets of councillors
    1. Karl Burgin posted on 01/09/2014 12:18 PM
      @Joao ...and the solution to the toxic politics situation, is to wipe out the career/Miller-lite politicians. And also reduce the size of city council.

      Oil and water just don't mix. And this is exactly what we're seeing here. Once you remove Councillors loyal to the agenda of the last administration, you will for sure see things move along a lot more smoothly without the dramatics and side-shows.
    2. Karl Burgin posted on 01/09/2014 12:21 PM
      @Joao If Ford were to go along with everything Council wants, and sing koombyah (like Tory suggests) it's going to go against everything Ford ran, and won on. Which will then make him no better than Miller.

      Think about it JOAO- there is a reason why Ford won by such an overwhelming majority the last time. The city wanted a change- but you have council resisting that change with every chance they get. Which brings you to the ever-present powder-keg in city hall.
  7. justssaying posted on 01/13/2014 01:27 PM
    Happy New Year.

    I think we all have to remember that it is OUR city and this money is being spent/ held/ whatever to prevent the city from needing more of our money down the road, in addition to paying what we already have to pay for.

    You guys need to watch more Fox news. They too distort everything to their own liking. So, everyone is against the mayor and he is the only one who is right?

    Grow up.

    Aside - was in Central America for vacation.

    Every Canadian/ American (including Tea Party Supporters) / European and even some from Brazil I met said - "You guys have a Crack Smoking Mayor? How did he ever get elected?" When I told them about this site, Ford Nation and how it vehemently supports Rob, they did not believe me! They could not comprehend how a global laughing stock could be supported by anyone!

    But, he certainly has made Toronto famous! Not for the Leafs, Jays, the skyline, the people ..... no, just his use of illegal substances and erratic behaviors.

    Sure, he (says) he is not drinking or using drugs. Then maybe he should submit himself for random drug tests? If he has nothing to hide, he'd do it in a minute.

    If I were Mayor of the largest city of Canada and was a self confessed Crack smoker and alcohol abuser claiming I was clean and staying clean.... I would offer up myself for daily random testing, lest others think I had something to hide>>>>

    Justsaying!
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