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

Aug 21, 2023

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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.

A slide from the media briefing presentation on the city's financial plan, showing that the city faces a $46.5 billion financial pressure over ten years — Via City of Toronto Media Briefing presentation

The City thinks it has the tools to deal with abo…

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