Toronto homeowners could soon see an increase in their water and garbage bills as the city considers raising fees in 2025.
City staff are recommending that the Toronto implement a 3.75 per cent increase to the combined water and wastewater consumption rates, as well as garbage bin fees.
This would represent an increase in $39 in water fees for an average home consuming 230 cubic metres a year.
This is expected to generate approximately $ 53.35 million in additional revenue for Toronto Water’s operational and capital program needs and additional revenue of approximately $2.337 million to offset inflationary cost increases for services.
The garbage disposal increase will result in about $13.44 per year for a residential property with a medium-sized bin. The change could generate approximately $13.4 million in additional revenue for operational and capital program needs.
For commercial properties, the wastewater and water consumption rate increase is expected to cost an additional $16,940 per year, based on an average consumption of 100,000 cubic metres per year.
If approved by council, the increases will come into effect on Jan. 1.
The mayor’s budget for 2025, including the proposed property tax rate, won’t be released until January.