Efficiencies aren't that straight forward. Toronto has higher densities, but also very old infrastructure needing desperate repair with a huge budget (that they aren't doing enough either) and expensive transit far beyond 905 as part of their budget.
Toronto has always had low property tax and very high business tax compared to the 905 and this has accounted for most of the difference. So they are just taxing their property/business base at opposite rates to the 905. That and they have been getting huge sums ($400 million) per year from the province just to balance their budget. So their property tax has been low for a few different reasons.
Supposedly that will change. The high business tax has driven out a lot of business to the 905 and the mayor and council have already begun to raise property tax and lower business tax to better compare and compete with the 905. It has been in the news for years. It will be a slow and steady process to minimize taxpayer pain (and probably their noticing it too).
TO is in for a big wake-up call on their budget. The news reported that McSquinty will stop patching up their budget shortfalls. And I hope so. TO has levels of service far beyond what the 905 gets. Far far beyond. Free pools, house hazardous waste pick up, etc, etc, etc.
Anyways, back to the OP. IMO tolls are coming. Especially with McSquinty and his tax/bantario strategy. My guess is that they'll do it for the entire major highway system in the GTA. Then they can't be told they are picking on TO and they get even more money.
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