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May 2, 2007
City building and new revenue tools: Torontonians are asked to share their ideas
  
Funding for city-building initiatives and service improvements is essential for a prosperous and successful Toronto. The City of Toronto is holding a public consultation asking Torontonians about the possible new revenue tool options under the City of Toronto Act.

The public is invited to discuss and share their ideas about the revenue tool options, including applying a new alcohol or tobacco sales tax, vehicle ownership tax and land transfer tax.

“The City of Toronto Act provides the City with a diverse set of tools that could be directed to improve and enhance City programs and service delivery,” said Deputy City Manager and Chief Financial Officer Joe Pennachetti. “However, these tools do not provide a complete solution to the City’s fiscal challenges as a result of provincial downloading, including social services.”

There are four opportunities for the public to get involved. Public consultations are from 7 to 9 p.m. as follows:

Monday, May 7: Harbourfront Centre, Brigantine Room (Inside the York Quay Centre), 235 Queens Quay W.
Tuesday, May 15: Etobicoke Collegiate Institute, 86 Montgomery Rd. (northeast of Islington Ave. and Bloor St. W.)
Thursday, May 17: Memorial Hall, 5100 Yonge St., below the North York Public Library
Wednesday, May 23: Scarborough Civic Centre, 150 Borough Dr.

Participants can register in advance by calling Access Toronto at 416-338-0338. TTY 416-338-0889.

Feedback received from consultations will be included in a report going to the Executive Committee in June 2007.

For further information about the consultation and background information, visit http://www.toronto.ca/finance/revenue_tools.htm.

Toronto is Canada’s largest city and sixth largest government, and home to a diverse population of about 2.6 million people. It is the economic engine of Canada and one of the greenest and most creative cities in North America. In the past three years Toronto has won more than 50 awards for quality and innovation in delivering public services. Toronto’s government is dedicated to prosperity, opportunity and liveability for all its residents.

Media contact:
Cindy Bromley, Communications Manager, 416-392-4993


 

 

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