Toronto homeowners are bracing for a financial squeeze as the new year begins. A significant increase in both garbage collection and water rates is set to take effect, outpacing the current rate of inflation and impacting household budgets across the city.
While November’s inflation rate registered at 2.2%, the City Council has approved a 3.75% hike for both solid waste management and water services. This “interim” increase, implemented January 1st, precedes the finalization of the city’s complete budget, signaling potentially further adjustments ahead.
The impact on water bills will be noticeable. A typical Toronto household, consuming around 230 cubic metres of water annually, can expect an extra $40 on their yearly bill, bringing the total to $1,118 by 2026.
Garbage collection costs are also rising, varying based on bin size. Residents with small bins will see an additional $11.49, while those with medium bins face a $13.95 increase. Larger bins will incur a $18.94 charge, and extra-large bins will add $21.97 to the annual cost.
The city defends these increases as necessary for maintaining vital services. Funds are earmarked for waste collection, including organics and yard waste, alongside city-wide litter removal and the upkeep of landfill sites.
Water rate increases are justified by the need to provide clean drinking water, manage sewage and stormwater, and address the challenges of aging infrastructure. A significant portion of the funds will also be directed towards preparing for the escalating impacts of climate change.
Residents have an opportunity to voice their concerns and provide feedback on the upcoming city budget. Telephone town halls are scheduled for January 14th and 15th, followed by public meetings on January 20th and 21st, offering avenues for public participation.
