How Gord Perks voted at council

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1. 2023.MM3.5AMENDED

   Reviewing Revenue Tool Options for Toronto

   It is time for a new fiscal deal for cities. This discussion which must be had with the Government of Canada and the Government of Ontario has to be informed by up-to-date information on the revenue tools that we have available. In 2016, I along with Council requested a report be undertaken to study the potential revenue tools available under the City of Toronto Act which acknowledged at the time the unsustainable financing model of Canada's largest city. That report led to a Council decision on expressway tolls, the institution of the hotel tax, and harmonizing of Municipal Land Transfer Act rates along with other minor changes. While expressway tolls were ultimately rejected by the provincial government of the day it did result in additional gas tax revenue from the Province at the time. Since then, we have also instituted a new vacant home tax which is in its first year in 2023. While the remaining tools we have are limited in addressing the scale of the problem, I am recommending that we complete a revised study of revenue generating options available to the City under the City of Toronto Act and in particular complete an in depth feasibility study of the commercial parking le…

   City Council · 2023-02-07 12:24 PM

   Adopt Item as Amended

   Gord Perks's vote: Yes

   Majority required - MM3.5 - Adopt Item as amended

   Motion result

   Carried

   Recorded tally

   25-1

   Source outcome