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July 22, 2004
City of Toronto offers additional property tax policy consultation opportunity
  
The City of Toronto has added another opportunity on Wednesday, July 28 for
public consultation on the current property tax policies, due to increased
interest. These consultations are considering:

- 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

Four consultation opportunities have been held to date. The additional
consultation will take place Wednesday, July 28 from 6:30 p.m. - 9:30 p.m., at
City Hall, 100 Queen St. W., Committee Room 1.

Registration is recommended due to seating limitations. Please call
416-392-9365.

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,
2004. 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.

Comments and written submissions may also be submitted by August 31 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.
Voicemail messages may be left at 416-397-4474, and e-mail messages may be sent
to taxpolicy@toronto.ca

For more information on 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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