Toronto could face ‘extreme’ service cuts, tax hikes without financial help, Tory says
Meanwhile, he said the city could face budget pressures of nearly $1.5 billion next year before accounting for any property tax increase or funding commitments from the other orders of government.“Given our limited options to raise revenue, and our inability to run budget deficits, we do not have the fiscal capacity to absorb these massive shocks to our system,” Tory wrote in the letter, dated Wednesday and shared publicly Thursday.
But without more help, Tory warned the city could also face cuts to programs and its capital budget, which he said could “eliminate thousands of jobs” and “threaten” the city’s economic recovery. “We urgently require a commitment from the federal government and province to support our continued recovery from the pandemic,” he wrote.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
City of Toronto drops COVID vaccine mandate, staff to be offered reinstatement: memo - Toronto | Globalnews.ca'The science and public health guidance no longer supports the need for a mandatory vaccine policy,' interim city manager Tracey Cook wrote in part.
Read more »
Fake posters satirically tell Toronto drivers to park illegally in bike lanes - Toronto | Globalnews.caPosters imitating the city of Toronto covered poles across Bloor Street in the Annex satirically telling drivers to continue parking in the bike lanes.
Read more »
Sales from limited-edition Toronto Monopoly game to support charities - Toronto | Globalnews.caA new limited-edition Toronto Monopoly board game has been launched and a portion of the proceeds from each sale will support charities.
Read more »
Overnight -30 C lows prompt extreme cold warning east, south of Edmonton | Globalnews.caAcross eastern and central Alberta, temperatures will drop to near -30 C overnight which will produce wind chill values near -40 by Wednesday morning.
Read more »
Art Gallery of Ontario to spotlight Indigenous artists in 2023 exhibitions - Toronto | Globalnews.caThe gallery will display a showcase of works by Inuk artist Ningiukulu Teevee, who is known for her bold designs that often feature birds and animals, starting in mid-January.
Read more »
New development plans could demolish row of restaurants in Toronto’s Little Tokyo - Toronto | Globalnews.caThere's growing fear that a row of predominantly Asian restaurants near Dundas Street West and University Avenue in Toronto's Little Tokyo could soon be eaten away.
Read more »