Category Archives: Toronto budget – 4% tax increase

Editorial: Platform numbers don’t measure up

September 12, 2010

http://www.thestar.com/Opinion/Editorials/article/859583

Among challenges confronting Toronto’s next mayor, none looms larger than fixing a chronic budget shortfall that if left to fester will ultimately threaten the city’s well-being. Yet with just six weeks remaining before election day, none of Toronto’s leading mayoral candidates has adequately addressed this issue.

That’s not to say they have been silent on fiscal matters. Quite the contrary. There have been promises of tax cuts and service expansions, hiring freezes and asset sales, all spiced with repeated vows to “cut the fat” at city hall. Little of this addresses the depth and breadth of Toronto’s budget mess, however. Continue reading

Audio Post – 2. Toronto Budget – Labour Costs

The Cost Of Toronto’s Labour

In my first audio post I introduced the structural deficit. This is the second audio post on the Toronto Budget and the structural deficit. Toronto’s expenditures are significantly more than its revenues. The single biggest expenditure is labour – and unionized labour at that.

After having listened to this post check out the following report by the Toronto Board of Trade.

Furthermore, consider the size of Toronto budget allocated to the Toronto police.

Perhaps Toronto should outsource everything

I listened to the CP24 Mayoral debate on July 20 and heard Rob Ford and Rocco Rossi talk about how Toronto’s spending is out of  control. Toronto’s biggest expense is its employees. Their wages have been rising far faster than the rate of inflation. Furthermore, they are unioned and have the ability to shut Toronto down. (Think of the garbage strikes of 2002 and 2009.) Do we really need any employees at all? Would it be possible to outsource everything?

I came across the following article about Maywood California  – town that did just that. Furthermore, they seem happier for it. Continue reading

Audio Post – 1. Toronto Budget – The “Structural Deficit”

The state of Toronto’s  finances are the most important issue in this  election.


First, let’s learn about the “structural  deficit”.

Then read the following article:

Candidates, read financial statements

By SUE-ANN LEVY, City Hall columnist

http://www.torontosun.com/comment/columnists/sueann_levy/2010/06/29/14560291.html

Last Updated: June 29, 2010 7:29pm

The city’s consolidated financial statements for 2009 — to be discussed at audit committee Wednesday morning — should be required reading for all mayoralty candidates and would-be councillors. Continue reading

A personal income tax for the City of Toronto


BY PHILIP SLAYTON ● The Toronto municipal election is upon us. So far, there is little evidence of big issues being discussed seriously. Perhaps we cannot expect much, over the summer at least, when the weather is warm and the spirit lazy.

Toronto seems a city in decline. The biggest evidence is deteriorating public transport. Every great city offers its citizens fast, frequent, efficient and comprehensive public transport. Increasingly, the TTC fails to do this. Its routes, particularly subway routes, are inadequate; its facilities, particularly subway stations, are drab and poorly maintained; customer service and employee moral are at low ebb. A friend returning from New Delhi praised the impressive subway system in that Indian city. It is Toronto that has Third World public transportation. Continue reading

Tax and the city: T.O. seeks new revenue streams

By BRYN WEESE, Toronto Sun

Last Updated: February 22, 2010 8:24pm

http://www.torontosun.com/news/torontoandgta/2010/02/22/12988881.html

Toronto the big, Toronto the great — but Toronto the city-state?

Councillor Shelley Carroll, the city’s budget chief, thinks that status — or at least the increased taxation powers that go along with it — is coming and soon. Continue reading

Toronto’s Two Budgets: Capital and Operating

Toronto needs a budget that speaks to its citizens

February 10, 2010

http://www.thestar.com/opinion/article/762952–toronto-needs-a-budget-that-speaks-to-its-citizens

Benjamin Dachis

{{GA_Article.Images.Alttext$}}Mayor David Miller is shown at a pre-budget news conference last year. Ben Dachis and Colin Busby argue that the current budget process makes it difficult to determine why, of even whether, the city has met its fiscal goals.

COLIN MCCONNELL/TORONTO STAR FILE PHOTO

The release of the City of Toronto operating budget on Feb. 16 will be the public’s first glimpse of the city’s likely financial shape in 2010.

However, a look back at previous budgets – and the audited reports that accompany them at year’s end – reveals there may be more to understanding these documents than the figures in them suggest. Continue reading

Mayor Miller on the Toronto Budget

Comment: David Miller on the city’s 2010 budget
Posted: February 16, 2010, 11:07 AM by Rob Roberts

The following is excerpted from David Miller’s prepared remarks at the introduction of the City of Toronto’s recommended 2010 Operating Budget this morning:

Any discussion on the City’s budget should keep in mind the following facts:
Continue reading

Now is the time to discuss city’s massive police budget

February 26, 2010

Harvey G. Simmons

http://www.thestar.com/Opinion/article/771685

{{GA_Article.Images.Alttext$}} PATRICK CORRIGAN/TORONTO STAR

As the candidates for mayor of Toronto jostle for position, each of them has suggestions for dealing with the city’s budget deficit: outsource Toronto Hydro, says Rocco Rossi; get the province to kick in more money, says Joe Pantalone; do business in a different way, says Giorgio Mammoliti; freeze hiring for all but essential services, says George Smitherman. Continue reading

First task for new mayor: Get spending under control


February 21, 2010

Don Drummond

{{GA_Article.Images.Alttext$}}City budget chief Shelley Carroll and Mayor David Miller answer questions Feb. 16, 2010 after the introduction of the city’s 2010 operating budget.

LUCAS OLENIUK/TORONTO STAR FILE PHOTO

The recently released City of Toronto operating budget for 2010 has made one thing clear: fixing the city’s finances has become the most pressing issue in this year’s mayoral campaign. Continue reading