How to dismantle a budget bomb
City Hall Watcher #241: The report on City Hall's long-term financial plan is out, and it spells trouble. In this issue, seven steps Mayor Olivia Chow will look to take to try to fix things
I ventured over to City Hall last week for a media briefing on the state of the City of Toronto’s finances. The news, as you’d expect, is not good. The City is looking at a combined $46.5 billion capital and operating budget shortfall over the next ten years.
The City thinks it has the tools to deal with abo…