I hadn't seen this before, and it's undated, so I'm not sure when it came out (though it has up-to-date data) but it has some nice graphics and a good tax calculator at the bottom.
Use the Star’s interactive tool to see how Toronto’s 6.9 per cent proposed hike measures up — and see how much you could end up paying.
www.thestar.com
View attachment 632970
Put together by some pretty knowledgeable people.
Here's some food for thought.
Suppose we bumped that number above for Toronto to the same as Mississauga. An extra ~$1,800 per year Still leaves us roughly in the middle of the pack.
If you applied that to every residential unit in Toronto (includes rental and condo, and for simplicity sake, I'm apply the number equally though obviously many units will be worth more and some less.
It would add 2.25 Billion to the City's annual budget.
If you applied the same idea exclusively to single-family homes, which are 39% of the total. Its still an extra 877M per year.
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What could that look like in the real world?
Let me split the difference of the 2 numbers above at 1.5B
We'll allocate 1/2 to infrastructure - over 10 years, that's 15B.
That would build you the WELRT, fully funded, deliver platform edge doors throughout the subway, and leave you some leftover for better routine maintanence.
The remain 1/2, at 750M a year....could:
Eliminate Recreation User Fees entirely, and boost spots by 15%
Implement a 40-fare monthly cap for TTC fares, with a 3-hour fare window.
And boost TTC service a whopping 10% with some change to spare.