Friday, May 25, 2007

Putting the hog in Hogtown

The Canadian Taxpayers Federation calculates, based on the Assessment of Potential New Tax Measures Under The City of Toronto Act, 2006 HEMSON Consulting Ltd. report commissioned by the City of Toronto, that proposed new municipal taxes could cost the average Toronto household $1,182 and raise $1.115 billion in new tax revenue. The new tax bureaucracy may cost up to twenty-three per cent of the tax revenue ($262 million) to administer.

"There are no proposed tax increases," [Toronto mayor] David Miller argues. "These are potential revenue tools."
Oh, well, that's all right then.

Link via Sobering Thoughts

1 Comment:

Jake said...

With all of the financial and bureaucratic problems we have in London, what is happening in Toronto makes our civic government look good.

Miller and his NDP councilors are literally putting Toronto on the path to insolvency. They spend like drunken sailors and don't listen to public demands for a freeze on new spending.

They have created so much red tape and high property taxes that for the first time in 50 years there has been a net decrease in new commercial development. More businesses are packing up and moving to the neighboring suburbs to set up shop. They figure at this rate that more people in Toronto will commute to work outside the city in ten years than come into it.

At least when Toronto files the papers for Chapter 11, Miller and his NDP goons will never be elected in Canada's largest city.