City about to go broke, staff say- It's time for Ratepayer Associations, Taxpayer Federations and the Board of Trade
to monitor the budget and taxes at Council meetings.When they can still spend $3 million for renovations on offices and $16 million on Nathan Phillips Square, they apparently haven't scrutinized the line items very hard- and yes there is plenty to handle the basic services- it's the wish list that needs careful scrutiny.
more background here
Labels: Toronto budget taxes
1 Comments:
The city's finances are clearly on an unsustainable path - even City officials agree and admit that something has to give, and soon.
You're right to say that one of the roles of the Toronto Board of Trade has to be to keep an eye on the City finances and warn when trouble is looming.
That's why we put out a challenge to all candidates during the last municipal election campaign, asking how they would deal with the anticipated $500 million shortfall in the Toronto budget. (It's on the Board website at www.bot.com/media).
Glen Stone
Toronto Board of Trade
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