Toronto must get out of the financial hole we've dug ourselves into.
While there's a lot of attention on this year's proposed 10.5% property tax increase, it's possible this could have been mitigated with a modest increase to past years' property tax decisions. One big bite now versus several smaller bites in the past, if you will.
Some very rough analysis below to get a sense of some different paths since Toronto's amalgamation in 1998 that could have led to the same cumulative property tax increase as we are facing today:
