Tewder
Senior Member
Freezing property taxes (essentially cutting them after inflation) does not indicate we have financial woes. What it says is we are not willing to tax enough to fund our needs. We can certainly say we don't want to spend, but there is no way anybody can say that the City of Toronto is not rich enough to build what is needed.
Yes property taxes are too low, which is a revenue problem... but it is a funding problem that property taxes make up too large a chunk of the city's operating budget (in comparison to comparable US cities). This means we are getting less from other levels of government than comparable cities, and have fewer tools with which to generate revenue.