Mayor Olivia Chow has proposed two scenarios for [tax increases to meet Toronto's budget](https://www.cbc.ca/news/canada/toronto/toronto-city-budget-launch-1.7078446):

1. A baseline of 1.5 per cent increase to the city building tax, in addition to a 9 per cent increase to the property tax, for a total residential tax increase of 10.5 per cent.
2. If the federal government does not come forward with $250 million in funding for refugee claimants in Toronto's shelter system, the city will "have no choice" but to impose a six per cent "Federal Impacts Levy," raising the total residential tax increase to 16.5 per cent.