On the mayoral campaign trail, it has become an accepted truism through sheer force of repetition: Toronto cannot afford a property tax increase beyond the rate of inflation.
But this has more to do with addressing what (some) people want to hear rather than reflecting the true state of Toronto’s financial needs. The reality is, it’s difficult to imagine any of the three leading mayoral candidates can keep their property tax promises while also making responsible financial and investment decisions for the City’s future.
It’s easy to get bogged down by the constant bombardment of bad news. Sometimes it seems as if we can’t go five minutes without hearing of some new tragedy. In times like these it’s important to step back and remember that although the world can be cruel and unfair, there is still much to be happy about. Good things happen all around us—they just don’t often make the headlines.