Chow Brings Proposed Property Tax Hike Down To 9.5% In ‘Mayor’s Budget’

After weeks of property tax-related fodder, and much criticism that a 10.5% bump to the residential rate is hasty and too drastic, Toronto Mayor Olivia Chow has proposed a lesser increase of 9.5%. Chow made the case for a much more palatable 8% raise (which would be combined with a 1.5% increase for…