This panel discussion is moderated by David Crombie, President, David Crombie and Associates, and former Mayor of Toronto. The panelists included: John Matheson, Partner, Strategy Corp.; Lorne Sossin, Dean, Osgoode Hall Law School and City of Toronto Open Meeting Investigator; Karim Bardeesy, Editorial Writer at the Globe and Mail, and 2011 DiverseCity Fellow; and Fiona Crean, Ombudsman, City of Toronto.

This Big City, Big Ideas lecture features Leslie Koch, President of The Trust for Governors Island, New York.

Since municipal sector spending represents almost 14% of Hungarian GDP, imbalances in municipal finance have a measurable effect at the macroeconomic level. The current government is setting new rules on local borrowing. With the rare two-thirds majority in parliament, it has the chance to introduce long awaited reforms, although they are likely to be met by intense opposition at the local level.

The third lecture in the Big City, Big Ideas series, Larry Beasley presents on "Planning the Global City: Vancouver, Abu Dhabi and the world".