Mayor John Tory signalled last week that despite a pandemic-driven shortfall of nearly $1 billion, his administration is on track to avoid catastrophic cuts to front-line services.
As he prepares to launch what he describes as the most difficult city budget of his time as mayor, John Tory is promising to shield residents from the “excruciating financial challenges” bearing down on Toronto.
But to make up for the COVID-19 shortfall, and to be able to afford the new spending, Tory has drafted a plan to pause a host of city infrastructure projects. Critics say it’s a risky strategy that only papers over Toronto’s financial problems, and will set the city on a path to long-term decline by allowing its roadways, transit system, parks and other facilities to fall further into disrepair.
Tory concedes that delaying infrastructure work could have negative consequences, and he’s still hoping the provincial and federal governments will come to the rescue with a COVID-19 bailout that would allow him to abort his plan. But the city will account for the roughly $900 million in unfunded pandemic-related pressures separately from the rest of the budget, and continue pressing the federal and provincial governments to pick up the tab.
discovered in her ward in late November, which forced the closure of Dundas Street West for weeks. Other infrastructure Torontonians rely on is also at risk, she warned. Municipal Affairs and Housing Minister Steve Clark has promised to make Toronto “whole” for any losses it suffers as a result of the bill. But the province has also suggested the city is mishandling its development charge revenue, and Clark’s promise of compensation is subject to an audit of city finances.
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