STRATEGIC POLICIES AND PRIORITIES COMMITTEE
A G E N D A
SPECIAL MEETING
| Date of Meeting: |
Wednesday, October 28,
1998 |
Enquiry: Frances Pritchard
|
| Time: |
9:00 a.m. |
Interim Contact
|
| Location: |
Committee Room A
2nd Floor - Metro Hall
55 John Street, Toronto |
392-7039
E-mail address
fpritcha@city.toronto.on.ca
|
DECLARATIONS OF INTEREST PURSUANT TO
THE MUNICIPAL CONFLICT OF INTEREST ACT.
COMMUNICATIONS/REPORTS.
1.MOTION RESPECTING TAX POLICY OPTIONS OF THE
MULTI-RESIDENTIAL PROPERTY CLASS
City Clerk
(October 23, 1998)
Forwarding the action of the Assessment and Tax Policy Task Force from its meeting of
October 22, 1998, to the Strategic Policies and Priorities Committee and Council, and
recommending that:
(1)City Council pass a by-law prior to October 31, 1998,(the legal deadline for 1999) opting
to have the new multi-residential property class apply to the City of Toronto beginning with
the 1999 taxation year;
(2)the Province be requested to permit the municipality to extend the maximum period for
applying the new multi-residential property class beyond eight years (ie. in perpetuity);
(3)the Chief Financial Officer and Treasurer be requested to report back to City Council,
through the Assessment and Tax Policy Tax Force, on the tax rate which would be applied to
the new multi-residential property class;
(4)the Association of Municipalities of Ontario be requested to support making the new
multi-residential property class permanent;
(5)City Council request the Province to grant the City legislation which would permit the
City to create a new property class for Rooming Houses, Bachelorettes and other housing
accommodation for the poorest and most vulnerable residents in the community;
(6)the Federal Government be requested to treat the construction of new rental
accommodation units in the same fashion as residential housing with respect to G.S.T. tax
relief;
(7)City Council reaffirm its intent to create a permanent solution to ensure property tax
equity between homeowners and tenants; and the workplan to that end be developed in 1999,
as set out by Council at its meeting held on July 21 and 23, 1998.
