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Toronto could face property tax hike, cuts to service if $1.5B budget gap isn’t filled

The City of Toronto is facing a $1.5 billion shortfall amid the COVID-19 pandemic and the mayor is appealing to higher levels of government for support. As Erica Vella reports, if that support doesn’t come, the residents could be faced with a 47 per cent hike in property taxes or significant cuts to city services.

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