Councillor Rob Ford has spoken out against Mayor John Tory’s plan to introduce a property tax levy.
The so called ‘City Building Fund” would be phased in over a five year period beginning in 2017 at 0.5% and rising to 2.5% by 2021.
Speaking during his state of the city address on Wednesday, Tory says the levy would mean that the average homeowner would pay about $13 annually to the fund which would eventually raise $65 million per year.
The money raised would be used to fund transit and social housing infrastructure projects.
However in a statement issued on Thursday, Ford accused Tory of not sticking to his election promise of keeping property taxes in line with inflation saying that ”this is another example of a promise that John Tory couldn’t deliver on,” adding that ”his inexperience and lack of leadership is showing as he is trying to please everybody, rather than actually making decisions about what we really need, what we would like to have, and balancing that with what we can afford.”
The Councillor who has just finished a second round of chemotherapy in his second battle with a rare form of cancer concluded his statement by saying “I guarantee that there are still millions of dollars in savings to be found, which could be redirected into a dedicated transit & housing fund.”