Mar 12, 2015
By Jane Brown
Mayor John Tory’s first budget has easily passed at Toronto City Council.
The city will borrow from itself to help plug up an $86-million dollar shortfall in the operating budget. Property taxes will increase by 3.2 percent, which includes the Scarborough subway levy and adjustment for housing price increases. Councillors also approved an 8 percent water rate increase and a 3 percent increase for garbage collection, while reducing the single family residential rebates for waste bins starting April 1st.
Property owners with the extra large garbage bin will see the cost jump from $217 to $343. Owners with the smallest garbage bin will see their cost go up from just $6.71 last year to $10.63.
Former mayor Rob Ford loaded the final day of deliberations with 31 motions, but won just two votes. He and Georgio Mammoliti were the only councillors who voted against the budget.