The City of Toronto is proposing several measures to address the high cost of living in its budget for 2026, including a much lower property tax increase compared to previous years and caps on public transit fares.
The city says the operating budget of $18.9 billion would invest in transit, emergency services and social supports.
The budget proposal includes a 2.2 per cent property tax hike, compared to a 6.9 increase last year and a 9.5 increase in 2024.