The federal 2023 budget didn't include measures to assist Toronto in addressing outstanding shortfalls from the pandemic, leading the City to consider further property tax hikes and service cuts to offset the deficit. cityoftoronto | TOpoli
failed to deliver on a request for $235M to address outstanding 2022 COVID-19 shortfalls, as well as a promise to assist with the $933M shortfall in the City’s 2023 budget, which is also attributable to ongoing COVID-19 costs.
“We have been very clear to the Government of Canada what the City’s needs are and about the importance of supporting Toronto, the country’s economic engine,” McKelvie said. “While I hope that we can still find a way for our two governments to work together in this interim period to address Toronto’s immediate budget issues, this message will be delivered in every 2023 final property tax notice.”
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