Toronto mayoral candidates need to pledge to cut spending – Canadian Investor

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Toronto mayoral candidates need to pledge to cut spending – Canadian Investor
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Toronto mayoral candidates need to pledge to cut spending CanadiansInvest

. After adjusting for inflation, that’s a 35 per cent spending increase in just over two terms.

And for those who argue that Toronto hasn’t been increasing taxes enough over the past several years, look no further than Tory’s 2023 plan, endorsed by council, toToronto’s mayoral candidates should be coming out with plans to make Torontonians’ lives more affordable. But leading candidates want taxpayers to make do with even less.

But he couldn’t be more wrong: spending increased by 35 per cent above and beyond inflation under Tory’s watch. That’s a long way from austerity. Candidates should be looking to save, not to tax. Matlow could find a similar amount of budget room byGil Penalosa, who came in second behind Tory in last year’s election, is alsohigher property taxes. Many more who have joined the race have alluded to raising taxes but haven’t yet firmly committed to doing so in a written platform.

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