My question is to the Premier. Bill 23 will have devastating consequences for Brampton, including massive tax hikes, a reduction of parkland, and a lack of affordable housing, to name a few.
It has been reported that “the city anticipates if Bill 23 is approved, based on the loss of revenue from development charges, cash-in-lieu of parkland and additional infrastructure hits, it can expect to lose approximately $440 million. To make up this lost revenue, without a corresponding increase to provincial grant funding, it would require an 80% increase to the current property tax rate for homeowners.”
Through you, Speaker: Premier, has the President of the Treasury Board told you whether he thinks it’s fair that seniors and families in his ridings could face a massive tax hike of up to 80%?