We're getting our first glimpse at this year's budget for the City of Toronto.
Residential property taxes will be kept at the rate of inflation, going up 2.55 per cent which is $104 more than last year for the average household to just over $3,000.
The lion's share will go towards paying for police and transit.
The proposed water rate hike for this year is 3 per cent which, for the average homeowner, is an extra $27 a month.
The solid waste increase is a proposed 2.2 per cent.
City staff also want to phase out the bin rebate program over the next four years. "The proposed reduction to the single-family residential rebate in 2019 will provide $35 million to the property tax budget and help to achieve the city's diversion targets."
The city aims to divert 70 per cent of waste away from landfills by 2026. It currently stands at 53 per cent.
The $72.41 rebate for large bins will be phased out this year; the $163.76 rebate for small bins will be phased out over two years; the $227.01 rebate for small bins will be phased out over three years.
The 2019 budget, itself, is not yet balanced. There is $79 million in funding or cuts that haven't been agreed to, received, or found. The largest portion of that is $45 million the city is depending on from the federal government to help with the over-burdened shelter system. Ottawa has not yet earmarked the cash.
Money coming in from the Municipal Land Transfer Tax is also going to be down by a projected $83 million.