Tag Archives: car

Car tax gone January 1

Council votes today to scrap unpopular tax
It will cost $64 mil in 2011 in lost revenue, refunds
Kris Scheuer
(Written for Town Crier Dec. 16)

Mayor Rob Ford got votes to kill car tax. Town Crier file photo by Francis Crescia.

Mayor Rob Ford got his first win today as council voted 39-6 to scrap the vehicle registration tax as of Jan. 1.
“It’s a great day for the taxpayers of Toronto,” he said in a media scrum Thursday afternoon. “We just put $64 million back into their pockets and they can do what they want. They can create jobs and stimulate the economy or they can save it.”
“I’m glad we finally got rid of it and I look forward to saving the taxpayers more money in the next four years,” he said. “I just want to bring back respect for taxpayers at city hall.”
It will cost the city $64 million to repeal the tax, $48 million in lost annual revenue plus $12 million for refunds for car owners who paid their 2011 tax in advance. The city doesn’t yet know how it will make up the revenue, but that will be dealt with during the budget process.

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Ford’s exec votes to kill car tax

Executive Committee approves canceling vehicle tax
It still needs council approval, and could cost city $64 mil
Kris Scheuer
(Written for Town Crier Dec. 10)

Deputy Mayor Doug Holyday agrees with canceling the personal vehicle tax.

Mayor Rob Ford is one step closer to fulfilling his campaign promise to cancel the vehicle registration tax.
“The war on the car stops today,” Ford told the media on Dec. 1. “We will eliminate the $60 car registration tax at the first council meeting in December to take effect on Jan. 1, 2011.”
Ford’s hand-picked executive committee voted to kill the tax at its first meeting on Dec. 9, but that decision comes at a cost of $64 million: $48 million in lost revenue and $16 million to issue refunds to people who paid for their 2011 car registration in advance.
City staff also costed out an option to cancel the tax on Sept. 1 which would cost $48 million in lost revenue but not require refunds.
Ford has announced he can forgo this revenue and still produce a flat-lined 2011 budget, with no property tax increases and no major service cuts. City manager Joseph Pennachetti said his staff will try and achieve those goals, but there’s no details at this stage on how that will be achieved.

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