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Whereas the City of Toronto urgently needs to address it’s $774 million budgetary pressures for 2012 as a result of years of overspending, and;
Whereas funding this shortfall with property taxes would cause a 34.1% tax hike for property owners and an ensuing 10% rent increase for tenants, and;
Whereas City Councillors and the Mayor’s office have already reduced their budgets by a significant amounts, thus setting a corporate-wide example, and;
Whereas finding efficiencies between different departments, reducing the overall size of government, and reducing the size of the city payroll can produce significant savings, and;
Whereas introducing healthy competition by contracting out key city services will lower the burden on taxpayers;
We the undersigned urge the Executive Committee to vigorously examine the KPMG reports, identify opportunities with the largest potential savings and lowest negative impact on service.
We understand that City Councillors and the Mayor were elected on a platform of change. We expect City Councillors and the Mayor to carry through on their commitment to curb city spending and reduce the tax burden on residents.
