StarEditorial: It’s early days. But beware the candidates who don’t have a detailed, credible budget for their campaign platforms. They are selling snake oil.
is rife with policy proposals that include more affordable housing, reversing TTC service cuts, eliminating the fees for street side cafés, expanding public library service, and installing platform edge doors at subway stations.
Forget not having money to expand municipal services or make good on other election commitments. After exhausting its rainy day funds to cover shortfalls, Toronto is staring at the prospect of service cuts in the near term. Holding the line on property taxes. Such promises are like catnip. But they are not so praiseworthy when the true effect of such decisions is to crimp revenue, leading to a reduction in municipal services.
Finding efficiencies. Another favourite campaign tactic is to portray city hall as a wasteful black hole with the promise that millions in savings are just waiting to be discovered. With an, no doubt there are efficiencies to be found. But be mindful too that after years of financial stress, the lemon has been squeezed time and again.
As Deputy Mayor Jennifer McKelvie said in March, “Our ongoing financial challenges demonstrate that we need a new fiscal framework for Toronto. It’s not sustainable.” A few thousand vacant units is not a likely recipe for great change, especially if the goal is to further reduce the number of vacant units and thus the tax revenue.
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