$11 BILLION LIPSTICK ON PIG OF A BUDGET

FOR IMMEDIATE RELEASE

February 12 2018

Councillor Giorgio Mammoliti’s Statement on City of Toronto’s 2018 Budget:

“In the last election, 75% of voters rejected high taxes and wasteful spending.

“But this year’s budget calls for an average tax increase of 2.9%, and a total operating, capital and rate-based budget of $16.9 billion, the sixth largest budget in Canada.

“This pre-election operating budget is an unsustainable $11 billion – nearly $17 billion when you include the operating, capital and rate-based figures. This year’s budget is 3.6% higher than last year’s.

“The water rate is increasing by 5% and the garbage rate is going up by 2%.

“Services are nowhere near the amount by which spending has increased. With fewer home sales and slower than expected new developments, the City’s reliance on the land transfer tax will tear a hole in the budget.

“Are you seeing $1.4 billion more in services? Are your streets cleaner? Do you feel safer with less police on the streets? Is congestion better?

“Calling this year’s budget fair and balanced is like putting $11 billion lipstick on a pig.”

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