{"id":2752,"date":"2008-02-05T12:51:38","date_gmt":"2008-02-05T17:51:38","guid":{"rendered":"http:\/\/spacingtoronto.ca\/?p=2752"},"modified":"2013-01-21T14:08:25","modified_gmt":"2013-01-21T19:08:25","slug":"toronto-board-of-trade-say-raise-taxes-more","status":"publish","type":"post","link":"https:\/\/spacing.ca\/toronto\/2008\/02\/05\/toronto-board-of-trade-say-raise-taxes-more\/","title":{"rendered":"Board of Trade to City: More taxes, please"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/farm3.static.flickr.com\/2066\/2244217570_b1dbf4f580.jpg\" \/><\/p>\n<p>No, it&#8217;s not April 1. The <a href=\"http:\/\/www.bot.com\/sub\/HomePages\/PublicHomePage.asp\">Toronto Board of Trade<\/a>, according to the <em><a href=\"http:\/\/www.thestar.com\/News\/GTA\/article\/300585\">Toronto Star<\/a><\/em>, actually asked Toronto City Council&#8217;s Budget Committee to increase taxes.<\/p>\n<p>Traditionally supporters of tax cuts, the BoT says that Toronto has reached the point that business is being incapacitated by the <a href=\"http:\/\/www.eyeweekly.com\/city\/cityhall\/article\/17120\">poor state of infrastructure<\/a> in the city. The BoT says their proposed tax increase should be dedicated to infrastructure projects, like reducing the $300 million backlog in road repairs.<\/p>\n<p>The only part of this shocking development that doesn&#8217;t surprise me is that the BoT request only\u00a0applies to residential property taxes, which means they are essentially saying, &#8220;tax them, not\u00a0us.&#8221; (The official policy of the City of Toronto is to increase\u00a0the commercial property tax rate at 1\/3 the rate of resident property taxes\u00a0so the BoT is\u00a0also asking the City to exempt business from the business community&#8217;s own proposal to increase taxes.)<\/p>\n<p>Though not inconsistent with the call for increased residential property taxes, last year&#8217;s BoT <a href=\"http:\/\/www.bot.com\/assets\/StaticAssets\/Documents\/PDF\/Media\/2007\/March%2029.07%20-%202007%20Toronto%20Budget%20Deputation.pdf\">budget deputation<\/a> [PDF] struck an entirely different chord. In it, BoT\u00a0President and CEO Carol Wilding\u00a0suggested that increased spending and taxes were a core problem for the City.<\/p>\n<p>While the City will rarely ever have the blessing of the business community to increase taxes, I doubt Mayor David Miller will move on the BoT request. If anything, the BoT position will serve to\u00a0protect the Mayor from critics who decry the above-CPI increase in residential property taxes currently on the table (though as Councillor Shelley Carroll <a href=\"https:\/\/spacing.ca\/toronto\/?p=2716\">pointed out for Spacing readers<\/a>, the total property tax increase is aligned to CPI).<\/p>\n<p>If residential property taxes were increased an additional 3 per cent, it would bring in $40 million to City coffers.<\/p>\n<p><em>photo by <a href=\"http:\/\/doubelcrossed.ca\">Tania Tiziana-Burdi<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>No, it&#8217;s not April 1. The Toronto Board of Trade, according to the Toronto Star, actually asked Toronto City Council&#8217;s Budget Committee to increase taxes. Traditionally supporters of tax cuts, the BoT says that Toronto has reached the point that business is being incapacitated by the poor state of infrastructure in the city. The BoT<a href=\"https:\/\/spacing.ca\/toronto\/2008\/02\/05\/toronto-board-of-trade-say-raise-taxes-more\/\">Continue reading <span class=\"sr-only\">&#8220;Board of Trade to City: More taxes, please&#8221;<\/span><\/a><\/p>\n","protected":false},"author":4037,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ngg_post_thumbnail":0,"_ef_editorial_meta_paragraph_assignment":"","_ef_editorial_meta_date_first-draft-date":"","_ef_editorial_meta_checkbox_needs-photo":"","_ef_editorial_meta_number_word-count":"","footnotes":""},"categories":[2],"tags":[8106,8104,408,425,45,426,416,3234,1276,8105,339,19,1060,8103,341,391],"class_list":["post-2752","post","type-post","status-publish","format-standard","hentry","category-politics","tag-bot","tag-carol-wilding","tag-councillor","tag-david-miller","tag-funding-cities","tag-mayor","tag-pdf","tag-president-and-ceo","tag-shelley-carroll","tag-tania-tiziana-burdi","tag-the-toronto-star","tag-toronto","tag-toronto-board-of-trade","tag-toronto-city-councils-budget-committee","tag-toronto-star","tag-usd"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Board of Trade to City: More taxes, please - Spacing Toronto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/spacing.ca\/toronto\/2008\/02\/05\/toronto-board-of-trade-say-raise-taxes-more\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Board of Trade to City: More taxes, please - Spacing Toronto\" \/>\n<meta property=\"og:description\" content=\"No, it&#8217;s not April 1. 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