QUEEN'S PARK - City of London staff are warning that Bill 23 will result in a $100 million revenue loss over the next five years, while the Upper Thames River Conservation Authority says that Bill 23 will jeopardize environmental protection and increase risk from flooding and natural hazards.
The bill will cause property taxes to go up while green space, affordable housing, and infrastructure projects take a backseat. Londoners will end up paying more and getting less.
I asked the Premier why this government is standing behind Bill 23 when it will mean higher property taxes and irreparable environmental damage, and make it more difficult for London to increase housing supply.