In my last phone poll to residents in Ward 16, I asked for feedback on the revenue tools that are being proposed by the City. Residents were overwhelmingly supportive of a toll on the Gardiner Expressway and Don Valley Parkway (DVP) as a means of increasing revenue to the City to pay for much needed transit and infrastructure improvements. Residents were also supportive of a hotel tax but were against an increase in the land transfer tax for homes valued up to 4 hundred thousand dollars from 1% to 1.5% and for homes valued at over 2 million dollars from 2% to 2.5%. I will be supporting the tolls on the Gardiner and DVP as well as the hotel tax but I will not be supporting the increase to the land transfer tax.
I am still committed to finding ways to operate the various city divisions better in order to find savings that we can re-direct to other areas where funding is needed. That being said, we will still need the additional revenue for transit and infrastructure while we look for efficiencies at City Hall.
City Council will be debating this item on December 13, 2016. Please feel free to contact me with your thoughts and suggestions on the proposed revenue tools.