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June 25, 2004
City of Toronto consults on property tax policies
  
The City of Toronto is holding public consultation workshops to discuss the
current property tax system and consider:

§ business tax competitiveness, focussing on tax ratios, restrictions on
budgetary levy increases, and inequities in the business education tax rates
§ the complexities of capping and clawback mechanisms, including measures to
protect vulnerable small businesses from large tax increases

A staff report, Property Tax Policies for 2005 and Beyond - Consultative
Framework, was presented to the City's Policy and Finance Committee on June 14.
It highlights key longer-term assessment and tax policy issues for stakeholder
consideration and provides guiding principles with regard to City and
provincial property tax policies for 2005 and beyond.

Registration is recommended due to seating limitations for these consultation
workshops. Workshops will be held on the following dates. Call 416-392-9365 to
register.

- Tuesday, July 6, 7 p.m. - 10 p.m., Scarborough Civic Centre, 150 Borough Dr.,
Committee Room 1
- Wednesday, July 7, 7 p.m. - 10 p.m., North York Civic Centre, 5100 Yonge St.,
Committee Room 3
- Monday, July 12, 7 p.m. - 10 p.m., Metro Hall, 55 John St., Room 309
- Tuesday, July 13, 7 p.m. - 10 p.m., Etobicoke Civic Centre, 399 The West
Mall, Boardroom

Comments and written submissions may also be submitted to: Financial Policy and
Research Services, City of Toronto Finance Department, City Hall, 5th Floor,
East Tower, 100 Queen St. W., Toronto, ON, M5H 2N2. All submissions must be
received by August 31, 2004. Voicemail messages may be left at 416-397-4474
and e-mail messages may be sent to taxpolicy@toronto.ca

For more information on the City of Toronto's Property Tax Policies for 2005
and Beyond - Consultative Framework, including a copy of the staff report,
please visit the City's Web site at
http://www.toronto.ca/finance/tax_policies.htm.

Media contacts:
Adir Gupta, Manager, Financial Policy and Research, Finance Dept., 416-392-8071
Cindy Bromley, Finance Communications Manager, 416-392-4993



 

 

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