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facing a budget shortfall of nearly $2 billion Canada's biggest city has to close the gap I did not create this financial mess but it needs to be fixed property tax is a key source of revenue for cities and Toronto's is one of the lowest in Ontario City staff say a 10 and 1 12% hike may be necessary to maintain public services so many people said again and again that they feel like our city is breaking down garbage bins full in Parks roads cracked but when the cost of living is also soaring higher tax bills are tough to swallow it's a struggle these days to make a living uh and pay their expenses I think it's an aggressive increase like we just got one last year it's a lot the dream of home ownership is dying and and adding 10% tax to it just doesn't seem fair critics say officials need to dig deeper and find deficiencies at City Hall but right across the country municipalities are struggling and property taxes are on the rise ranging from a 4.9% hike in Montreal up to 9.6 in St John's