That was Toronto Mayor John Tory, speaking just a few weeks ago about the way Canadian cities are funded. The news that unfolded at City Hall on Wednesday provided the latest evidence of the unsustainable ad hockery of municipal finance.to announce that Queen’s Park had agreed to pick up one-third of the city’s budget deficit.
Still, more budget woes loom. Bill 23, Ontario’s housing bill that was passed just this week, includes a provision to eliminate or discount development charges and parkland levies. These charges are paid by developers and are meant to cover the cost of infrastructure associated with new developments, such as sewer pipes, roads, sidewalks. That work will still need to be done.
The financial reassurance on this front, while welcome too, is less certain. What’s sure to ensue is more discussion, more back-and-forth to settle this budget hole. That’s precisely the problem. “We are dealing here with a regime established in 1867 . . . and the methods that were put in place way back then about how those cities are financed are way out of date,” Tory said Wednesday.
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