'Substantial' property tax increase coming to Toronto, city's budget chief warns
Toronto’s budget chief is warning residents that a “substantial” property tax increase will be part of the city’s new spending package, as council grapples with a long-brewing fiscal crisis.
!['Substantial' property tax increase coming to Toronto, city's budget chief warns](https://i.cbc.ca/1.7039231.1704482856!/cumulusImage/httpImage/image.jpg_gen/derivatives/16x9_620/toronto-ice-skating-city-hall.jpg)
![Toronto will kick of it's 2024 budget process this week, with the city's budget chief warning that a People skate on the ice rink at Nathan Phillips Square--perfect for Family Day long weekend activities--on Feb. 17, 2023.](https://i.cbc.ca/1.7039231.1704482856!/cumulusImage/httpImage/image.jpg_gen/derivatives/16x9_620/toronto-ice-skating-city-hall.jpg)
Toronto’s budget chief is warning residents that a “substantial” property tax increase will be part of the city’s new spending package, as council grapples with a long-brewing fiscal crisis.