Ontario Premier Doug Ford agreed Monday that the city of Toronto needs a 'new deal' to address its growing financial pressures, but shot down two of the mayor's key requests for how to achieve that.
Ontario Premier Doug Ford agreed Monday that the city of Toronto needs a"new deal" to address its growing financial pressures, but shot down two of the mayor's key requests for how to achieve that.
"We need to have a long-term financial deal, a new deal, a better deal that...would have some kind of revenue that is secure, so that we don't have to — every year or almost every month — we are just talking about trying to find revenue sources." In addition to agreeing that something structural needs to change with Toronto's finances, the mayor and premier also agreed Monday to form a working group with provincial and city officials to come up with solutions and report back by the end of November. The working group has a mandate to avoid new taxes and fees.
"As to where the funding comes from, it's really up to the province of Ontario. I know Premier Ford has a wonderful surplus that makes me quite jealous and wherever he can find the funding, I will just welcome it." Shortly before the meeting Monday, Ford announced that the province is adding $42 million in funding to a portable housing benefit, with more than half going to the city of Toronto.
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