98

The City of Toronto would like to advantage of the Public Transit Infrastructure Fund (PTIF) The City finances Infrastructure Spending from Property Taxes and has the following Utility: U = Q0.98 PG X Q0.02 INF Assume that there are 1 million households and that the average home value is $500,000 With a $2 billion, 25% Matching Closed Ended Grant, the property tax rate would be: 1% O 1.11% 1.21% 1.31%1.41% 1.51% 1.608% 1.708% 1.808% 1.908% 2% 2.1% 2.2%2% 2.1% O 2.2% O 2.3% 2.4% 2.5% None of the above