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February 21, 2002
No More Than 4.6%: Mayor
  
TORONTO - Mayor Mel Lastman will introduce a motion at today's Policy and
Finance Committee meeting to cap the City's 2002 residential property tax
increase at 4.6%.

"The Budget Committee has worked very hard to get us this far," Lastman said,
"and I don't want to see any last-minute additions that will increase the
burden on our residential property owner. If a councillor wants to add
something to this budget, that councillor should also be ready to tell us what
they think we should take out in order to pay for it."

The Mayor congratulated Budget Chief David Shiner and the rest of the Budget
Committee on their efforts and said the budget as proposed "protects Toronto's
core services while holding the line on spending" in a difficult year.

"Lets be crystal clear here," Lastman said. "If Queen's Park treated us the
same way it treated Mississauga or Oakville or the rest of the municipalities
in the GTA, this year's tax increase would be 1.63% - less than the cost of
inflation.


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