I frequently hear from residents about their concerns of over-development and infrastructure needs in the City. This is especially concerning at Yonge-Eglinton, an area the Province has designated for growth. Although we are making great progress on new Planning policy, through Midtown In Focus and the Yonge-Eglinton Secondary Plan, we need to ensure that the City can accommodate all of the development that has been forced on us through Provincial planning policies.
I am glad to say that after a lengthy review and consultation process, City Council has approved a major increase in development charges levied against developers who build in the Toronto. This new policy is expected to generate between $230-$250 million per year in additional revenues that will be used to offset the cost of growth. This does not mean that I will be supporting more development but it does mean that when development happens we can invest more in transit, roads, sewers, parks, child care facilities and other essential services.