As per decisions made by the city council, the following increases for 2022 were agreed upon: On the revenue side, the city budget committee proposes the following increases: - an overall property tax increase of 2.7% which represents a weighted average of the following: 4.4% increase for residential properties ( 2.9% for inflation plus a 1.5% levy), 1.45% increase for commercial properties, 0.97% for industrial properties, and 0% increase for multi-residential/apartment buildings as per provincial legislation, and some reductions in property tax for small business - a water rate increase of 3.0% - a solid waste rate increase of 3.0% - a Toronto Transit Commission (Conventional) fare increase by 56 per ride, from $3.25 to $3.30 for an adult Presto fare - a 2.11% increase for all other categories of revenue On the expense side, the city budget committee proposes to increase each expense category by an average predicted inflation rate of 3.3% except for the following: - an increase of 2.3% to the Toronto Police Service