On Monday AMO President Lynn Dollin wrote a letter-to-the-editor of the Toronto Star arguing that “our 150-year-old way of funding local government is failing to keep up.” Dollin writes,
Ontario is trying to build 21st-century communities on 19th-century foundations. The share of tax dollars that funds local services needs to grow.
Ontario’s municipalities face a revenue gap of nearly $5 billion a year for the next 10 years. If higher property taxes are the only option for municipalities, Ontario’s property tax bills might have to double by 2025.
Alternatively, the Ontario government could pay a bigger share for things like highways, transit, health care and social housing. Or it could give municipalities new sources of funding.
The letter was written in response to an article in the Star examining the limitations of funding services in the City of Toronto using property taxes.
Read the full article here.