Toronto temporarily shelves commercial parking tax

A plan to implement a commercial parking levy in the City of Toronto, expected to raise $100-108 million annually for critical municipal services like transit, has been postponed pending approval from MPAC and the provincial government. Despite support from transit and environmental groups, a City-run administration proposal was rejected, with City staff continuing to pursue sustainable funding sources and revenue tools to address budget deficits, despite concerns from the Toronto Region Board of Trade about the levy’s potential impact on businesses and tenants.

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