Mayor Olivia Chow is currently uncertain about the property tax increase for her second budget, with possible limitations due to tough economic conditions.
Experts indicate that the 2025 budget cycle will be more challenging for Chow than the previous year due to a substantial opening deficit and adverse economic trends.
Consultant Shakir Chambers highlighted that public pushback may be more significant this time, as Mayor Chow already implemented the largest tax increase since amalgamation.
Chow's commitment to promise a 'modest' tax hike contrasts with the potential necessity of significant revenue increases to manage the city's ongoing deficits.
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