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September 24, 2013
Toronto's Executive Committee endorses new development charges
  
The City of Toronto's Executive Committee today endorsed the Development Charges Study and the proposed Development Charges Bylaw. The staff report will be considered at Toronto City Council at its meeting on October 8 and 9. The new fees will help pay for the cost of infrastructure required to service new development, such as roads, transit, water and sewer infrastructure, community centres, and fire and police facilities.

The staff report comes after the completion of a comprehensive study on development charges that determined the rates that can be levied under the provincial Development Charges Act.

"The proposed development charges bylaw balances the City's planning and economic objectives with the City's capital financing needs,” said Mayor Rob Ford, Chair of the Executive Committee. "It's important for the public to be aware that despite the increase under the proposed new bylaw, Toronto's rates remain well below the average charges imposed in the GTA. The funds generated will help us build vital infrastructure, build transit and build communities."

As a part of the review, the City engaged in an extensive consultative process. Staff held public consultations with key stakeholders including representatives from the Building Industry and Land Development Association (BILD).

The proposed rates represent, on average, a 75 per cent increase over the current residential rates and a 25 per cent increase over the non-residential rate. If the new rates are approved by City Council, the City will implement the rate increases over a two-year period beginning February 1, 2014, with 55 per cent of the increase coming into effect by August 1, 2014 and full implementation by February 1, 2016.

More information is available at www.toronto.ca/finance/dev_charges_bylaw_review/2013.htm

Toronto is Canada's largest city and sixth largest government, and home to a diverse population of about 2.8 million people. Toronto's government is dedicated to delivering customer service excellence, creating a transparent and accountable government, reducing the size and cost of government and building a transportation city. For information on non-emergency City services and programs, Toronto residents, businesses and visitors can dial 311, 24 hours a day, 7 days a week.

Media Contact
Wynna Brown
Manager, Media Relations and Issues Management
416-392-8937
wbrown1@toronto.ca

Paula Chung
Communications Coordinator, Media Relations and Issues Management
416-392-1649
pchung2@toronto.ca

 

 

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