Council motion by Mayor John Tory asks city staff to report on options to help raise revenue.
submitted to next week’s council agenda, Tory asks city staff to review options Toronto has to raise revenue under current provincial legislation. The motion, which was seconded by Coun. Chris Moise , specifically asks for a study of a potential parking levy, including how it could be used to fund transit infrastructure and its impact on businesses.
“As we move forward, it’s important to consider all available tools in the context of feasibility, alignment with council directed policy objectives, and how such tools do or do not address substantial budgetary pressures faced by the city.” Tory’s motion asks staff to report back on how much each revenue option available under the Act would generate, how much they would cost to administer, how they align with city policy goals, and other details.
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