No mechanism to force landlords to transmit the savings
By Carly Penrose
RE: Grading our Greenspace (Aug. 2022)
Grading Our Greenspace (by Fox Oliver, Annex Gleaner, August 2022) is most interesting but rather cruel to The Doctors’ Parkette which rates it as Grade C and describes it as “easily missed” and “doesn’t particularly stand out or offer any unique amenities,” with no mention of the Major Street Parkette, or its kidnapped erratic.
In November of last year Mayor John Tory announced a new small business tax that was meant to reduce the property tax burden that small businesses must pay to the city. In theory, this meant an across the board decrease of 15 per cent for properties that met two criteria: lot size and value. It turns out however, that the methodology chosen by the city is so flawed that it appears that as many as 20 per cent of properties will not get the break even though they meet the requirements.