Toronto information and news, covering issues impacting communities across the GTA
Friday November 19th 2010

Posts Tagged ‘Operating shortfall’

The City of Toronto Cut Budget

The City of Toronto Cut Budget

The city of Toronto aims to cut 10% or $343 M from its operating budget over the next couple of years. Thank goodness we have a law in place that doesn't allow Toronto and other municipalities to run in red otherwise we would be in no better shape than Ontario province which has a  record deficit of $24.7 B. The estimated fiscal shortfall [...]