CCPA Ontario co-produced a new report with the Wellesley Institute that shows how the City of Toronto can bring its budgetary shortfall down to zero without gutting city services and selling off assets. Countdown To Zero: Balancing Toronto’s Budget, looks at the city's annual budgeting process over the past five years and shows that the fiscal challenges facing city council this year are nothing new. What’s different this year, is that Mayor Ford’s decisions to freeze property tax rates and cancel the Personal Vehicle Tax cost the city $132 million in revenues. The report charts a way out.
Click here to read the report.