money
Toronto seeks council approval to levy taxes on railway and utility corridors, generating $6.5 million in municipal revenue in 2026
City staff are requesting council authority to introduce a by-law levying taxes on railway rights-of-way and power utility transmission corridors, generating approximately $6.5 million in municipal tax revenue for 2026. The levy amount is nearly flat compared to 2025, and the tax rates and methodology remain unchanged from the prior year as confirmed by the Province. The report notes that if railway and hydro tax rates had been indexed to inflation since 2005, the city would collect an additional $3.9 million annually.
Also in this item
• If railway and hydro tax rates had been indexed to inflation since 2005, Toronto would collect an additional $3.9 million annually; railway rates have not increased since 2018 despite being the highest acreage rates in Ontario.
The journey
Why is this story here?
Stories are ordered by how much weight a decision carries and how directly it reaches daily life. They rise as a decision date approaches and fall as they age.