Wednesday, November 25

Property Taxes

Coronavirus, Ontario, Property Taxes

Ontario mayors warn of tax hikes, layoffs without senior government help

Ontario municipalities may be forced into large property tax hikes, user fee increases and service cuts without financial help from higher levels of government, mayors say.In a joint statement Monday, mayors and chairs said they are speaking as one voice to provincial and federal governments, seeking funds to replace hundreds of millions of dollars in extra spending and decreased revenue during the COVID-19 pandemic.Ontario’s share of the Federation of Canadian Municipalities’ cross-country request would be $4 billion in assistance.“Time for a commitment is running out,” the statement said. “Now, halfway through the budget year, municipalities have no choice but to consider plans to balance the budget by raising property taxes, user fees and charges or cutting services.“Difficult...