Monday, December 7, 2009

$10.4 million Toronto billboard tax passes

A little less than a week after starting their 2-day meeting, the Toronto council approved the new sign bylaw and associated tax by a 25 to 16 vote.

As of next April, the new tax will fund the city's efforts to go after owners of illegal billboards and have them removed.

Although sign bylaw advocates wanted the earnings to be spent on public art or beautification projects, revenue will largely go into the general revenue stream.

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