Mayor David Miller is expected to launch an aggressive marketing campaign on Thursday prompting the adoption of two controversial city taxes.
City council voted to defer voting on the proposed land-transfer and vehicle-registration taxes in July, opting to leave the decision until after the provincial election on Oct. 10.
Miller maintains the new land transfer tax and vehicle registration fee would have brought in $356 million a year for the cash-strapped city.
Toronto currently faces a budget shortfall of $575 million. The fiscal crisis has prompted sweeping cuts to municipal services that have enraged citizens and divided city council.
Nearly $83 million in service cuts have already been identified this year in various municipal departments.
City staff proposed closing community centres on Mondays starting next week, which would save $700,000 this year, and delaying the opening of city ice rinks by a month. Another measure was closing 16 library branches on Sundays, which went into effect on the weekend.
The Toronto Transit Commission voted in favour of a fare hike on Wednesday. Even with the fare increase, the TTC will still faces a shortfall of $35 million.
TTC General Manager Gary Webster said Wednesday if the taxes aren't approved there will be a second fare hike and "poor performing" lines could be cut.
With a report from CTV's Desmond Brown and files from John Musselman
