Monday, February 3, 2014

Mayor Ford used as a Distraction from Toronto/Provincial Business Tax Scandal?

The Mayors personal life and problems have provided news print and main stream media outlets with endless muckraking articles attacking not only himself but also his, wife, children and brother to the extent of gross overkill on an individual’s personal life and  political policies.

The political reality of this saga could well be a distraction used by Toronto’s elite,  politicized main stream media outlets, political foes and party politics as an ongoing  cover-up to Ontario’s and the City’s decade of business tax scandal?

If you think I am nuts, well the facts point us in a disturbing and different direction than my sanity or lack thereof!

You see the City, thanks to the government at Queens Park for the past decade, has been decreasing business property taxes at the direct expense of residential property taxes as their own information below clearly indicates for all to see.  

Since 2005 to 2014 the province of Ontario has lowered general business rates from 14% to 11% and small business tax rate from 5.5% to 4.5%.

During this same time period the City of Toronto increased its residential property taxes by 30.66% while increasing business property taxes by only 10.307%! 

Inflation for this period was 17.3%.  

Get the picture yet?

As our federal government is no better and is also in on this tax gate scandal at the direct expense of individual taxpayers. As they lowered general and investment business tax rates in 2005 from 22.12% to 15.0% for 2014 and their small business rate from 13.12% to 11.0%  

All this going on while the media and some self anointed elite Torontonians are obsessed with the Mayor’s personal problems when his political administration at the same time has prudently managed to keep Toronto’s operating budget balanced as mandated by provincial legislation. 

Ford’s four year term has held residential property tax increase to 7.2% from 2011 to 2014. The inflation rate for this period is 6.5%. (1.2% projected for 2014)  

Compared to the 14.45% tax increases for residential property by the previous Mayoralty administration's last four years from 2010 to 2007! 

Mayor Ford's administration has averaged residential property tax increase over his four year term to 1.8% compared to the previous administrations' last four year increase average of 3.61%.      

An historic achievement for the taxpayers of Toronto by this politically prudent and transparent Mayor Ford and his administration regardless of his unfortunate personal problems.

Have we become anarchists and forgotten that all of us are created equal and all are equally imperfect and there remain unequal laws and taxes created by unjust people?

The Toronto media has failed to mention in detail these facts that support the need for residential property tax reform at the expense of business in my humble opinion considering that youth unemployment in 2003 stood at 16.4%. 

And today after all these the business tax reductions the unemployment rate for our Toronto youth has jumped to 19.8 %( unadjusted for seasonality)

The main stream media corporations, political parties, career politicians, the elite's civic action groups, lobbyists and Toronto's union leaders ALL continually support for NEW TAXES on Individuals and NOT on business, corporations, banks or unions their buddies and financial supporters!  

Wake up Toronto as to just what the status quo has given you. Change is good!

Up Date May 2014

In 2014 the City approve a $9.6 Billion Operating Budget representing a residential property tax increase of 2.71 per cent and a non-residential a 0.75 per cent tax increase for businesses

In 2013 the City also maximized revenue sources, reduced the impact of capital financing, and implemented a moderate municipal property tax increase (2.00% residential and a 0.67% non-residential) and a Toronto Transit Commission (TTC) fare increase of 5 cents, which are in line with inflation. City Council approved a gross Operating Budget of $10.858 billion .2013 Budget

On January 17, 2012, City Council approved a balanced tax-supported 2012 Operating Budget of $9.4 billion and a 2012-2021 Capital Budget and Plan of $14.8 billion. The 2012 Operating Budget includes a 2.5 per cent property tax increase for residents, a 0.83 per cent tax increase for businesses and a 10-cent fare increase for TTC customers. 2012 Budget

For 2011, Toronto City Council approved an Operating Budget that is balanced, includes no major service cuts, and does not include increases to property tax rates
2011 Budget

On April 15, 2010, Toronto City Council approved a 2010 Operating Budget of $9.2 billion that includes a 2.9% property tax increase for residents and a 0.967% property tax increase for businesses. 2010 Budget Summary

On March 31, 2009, Toronto City Council approved an $8.7 billion Operating Budget. The 2009 Capital Budget is part of the $25.9 billion 10-year capital plan, previously approved in 

December 2008. In 2009, City Council also approved a property tax increase of four per cent for residential properties and 1.33 per cent property tax levy increase for multi-residential and commercial properties. 2009 Budget Summary

On March 31, 2008, Toronto City Council approved an $8.2 billion Operating Budget. The 2008 Capital Budget of $1.610 billion was previously approved on December 10, 2007 as part of an $8.355 billion five-year capital plan (2008-2012). In 2008, City Council also approved a property tax increase of 3.75 per cent for single-family residential properties and 1.5 per cent increase for multi-residential and commercial properties. 2008 Budget Summary

On April 23, 2007, Toronto City Council approved a $7.8 billion Operating Budget and a $1.432 billion tax-supported Capital Budget. In 2007, City Council also approved a property tax increase of 3.8% for residential properties and 1.26% for non-residential properties. City budget 2007 Homepage

City Council in 2006 approved a $7.6 billion operating and $1.25 billion tax supported capital budget for a 3.0% residential property tax increase and a 1.0% non-residential tax increase was also approved. City budget 2006 Homepage

On March 1st, 2005, Toronto City Council approved a $7.1 billion Operating Budget and $1.0 billion Capital Budget. In 2005, City Council also approved a 3% property tax increase for residential properties and a 1.5% increase for non-residential properties. City budget 2005 Homepage

City Council in 2004 approved a $6.6 billion operating and $908 million tax supported capital budget that contains a 3% tax increase for residential and a 1.5% increase for non-residential properties. City budget 2004 Homepage

City Council in 2003 approved a $6.4 billion operating budget and a net tax levy of $2.85 billion. The result was a property tax increase of 3% for residential homeowners and no increase for non-residential properties. Council also approved a $965 million capital budget that for the most part maintains the City's assets in a state of good repair. City budget 2003 Homepage

City Council approved the 2002 City budget which included a $6.2 billion operating budget and $954 million capital budget for a total of about $7.2 billion. The operating budget represents a 1.6 per cent increase over the 2001 operating budget. Toronto homeowners had a 4.3% property tax increase, or $79 per household on an average home valued at $261,000 while no increase was made to non-residential properties. City budget 2002 Homepage

City Council in 2001 approved a $6.1 billion tax-supported operating budget and a $1.120 billion tax-supported capital budget for the year 2001 with another $1.034 billion committed as project cash flow over four years for a total capital budget of $2.154 billion. The operating budget required a tax increase of 5% on homeowners and no increase for non-residential properties. City budget 2001 Homepage

City Council in 2000 approved a $5.9 billion operating budget that ensured a third consecutive year of a property tax freeze. The budget met all existing financial requirements to operate City services and enhanced several programs. City budget 2000 Homepage

The 1999 operating budget of $5.5 billion  The Capital Budget Program gave priority to investing in City facilities and infrastructure. City budget 1999 Homepage

City Council approved a 1998 operating budget of $5.6 billion and a capital budget of $1 billion for the newly amalgamated city. By holding operating expenditures at $5.6 billion, City Council froze 1998 property tax rates at 1997 levels - delivering a "zero tax increase" and maintaining city services and programs at existing levels. City budget 1998 Homepage

UPDATE March 2014.

Because the Star and Royson James make statements and claims to contradict both Pennachetti and Rossinni along with the Mayor does not make them factual or true. You be the judge!

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Thanks for your thoughts, comments and opinions, will be in touch. Peter Clarke