Toronto's mayor Olivia Chow is set to reveal the budget reflecting an estimated opening pressure of $1.2 billion, indicating another potential increase in property taxes.
Chow emphasized that the city is legally required to present a balanced budget by February, crucial for maintaining essential services amidst financial pressures.
As part of the budget, both water and garbage rates will increase, suggesting the city's strategy to manage finances while ensuring service continuity despite growing expenses.
Chow announced a $3 million investment to hire additional traffic agents, aiming to alleviate congestion in busy areas, heralding a proactive approach to urban mobility.
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