City to Settle Property Tax Dispute with TPA

Media reports say city opts for $1-million a year instead of $50-million a year.

A property tax feud between the city of Toronto and the Toronto Port Authority that began in 2003 is close to being resolved.

If media reports are accurate, the city essentially gave up its demand for $50-million a year for all of the Port Authority properties, opting instead for a million dollars a year.

CBC News says that in October city councillors voted behind closed doors, a 30-13 vote,  to propose such a deal and the Port Authority has accepted it.

Councillors Shelley Carroll and Joe Mihevc say this still needs the approval of city council, presumably in open session.

Mihevc says "we don't give breaks to large companies, we don't give breaks to small homeowners, we don't give breaks to seniors.  Property taxes are property taxes".

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  1. Frankie posted on 01/17/2014 08:17 AM
    Sounds like most councillors want to give up $ 49 Million per year in revenue. They should be outed and shamed in front of the entire city. Money that could go towards subway, reduce taxes, etc.

    We should demand who those councillors are.
    1. tanjo posted on 01/17/2014 08:43 AM
      @Frankie This has been going on for 10+ years. The question is: Will we ever see the money, and how much will it cost us to keep pursuing it ?

      There comes a point where you just have admit the horse just isn't going to fly, get what you can, and move on.
    2. Karl Burgin posted on 01/17/2014 11:58 AM
      @tanjo But they do fly.... haven't you ever heard of "My Little Pony"?
    3. tanjo posted on 01/17/2014 11:16 PM
      @Karl Burgin Friendship is Magic !
  2. john posted on 01/17/2014 11:02 AM
    the town i live in we got a mayor and council who think by raising taxes people are moving in by the boat load . what the stupid buggers dont see is that people are so fed up thay are packing up and moving out of the town
  3. john posted on 01/17/2014 01:09 PM
    what thay should do is lower the tax for mid income people and people who make more money should pay more i am not talking about the mom and pop stores the milti million doller ones .
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