On October 26, Peter joined IMFG to discuss how the City of Toronto can address challenges and invest in Toronto’s future. What key steps could Council and staff take? What strategic policy levers could be used? What financial and implementation capacity is needed to deliver on Council’s visions for future investments?
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The “golden rule” of public finance states that over an economic cycle, governments should borrow only to invest and not to fund current spending, and that the current budget must always balance or be brought into surplus. In Ontario, all municipalities are subject to legal borrowing limits, with special exceptions for Toronto and York Region.
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Toronto is an exceptional city at least partially because of public policies and past investments. As Toronto City Manager Peter Wallace discussed in his 2016 remarks to IMFG, Toronto faces challenges in meeting the demands of a global, international city.
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On September 14, 2017, a panel of Chief Resilience Officers from Toronto, Montreal, and New York City joined IMFG as they discussed what they have learned and looked ahead to the future.
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Otis Rolley moderated and presented at the IMFG event "What Makes a Resilient City?", co-sponsored 100 Resilient Cities, Pioneered by the Rockefeller Foundation, on Sept 14th, 2017.
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Daniel Zarrilli, Chief Resilience Officer, New York City, presented at the IMFG event "What Makes a Resilient City?", co-sponsored 100 Resilient Cities, Pioneered by the Rockefeller Foundation, on Sept 14th, 2017.
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Louise Bradette, Chief Resilience Officer, City of Montreal, presented at the IMFG event "What Makes a Resilient City?", co-sponsored 100 Resilient Cities, Pioneered by the Rockefeller Foundation, on Sept 14th, 2017.
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Elliott Cappell, Chief Resilience Officer, City of Toronto, presented at the IMFG event "What Makes a Resilient City?", co-sponsored 100 Resilient Cities, Pioneered by the Rockefeller Foundation, on Sept 14th, 2017.
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