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robert silver

Many people are undoubtedly upset with Toronto Mayor David Miller for over-hyping a press conference by teasing an "important announcement" that led many ( myself included) to speculate on whether he was re-entering the race for mayor or resigning early.

Instead Miller announced a surprise surplus of $100-million that will allow him to increase property taxes by only 2.9 per cent and he promised a two-year, sustainable budget plan for the city.

The sad reality is being able to hold property taxes to double the rate of inflation and present multi-year fiscal plans is something that qualifies as big, important news in Toronto.

(File photo: Kevin Van Paassen/The Globe and Mail)

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