Shelley Carroll, Toronto City Councillor for Ward 33 and former Budget Chair, presented at the Building a Better Budget Process in Toronto panel on December 19, 2017.
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Presented by Alexandra Flynn at the "Democracy from the Bottom Up: Unlocking the Potential of Community Councils" event on Dec. 12th, 2017.
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Presented by Jessica Silver at the "Democracy from the Bottom Up: Unlocking the Potential of Community Councils" Event on Dec 12th, 2017
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Presented by Edana Beauvais at the "Democracy from the Bottom Up: Unlocking the Potential of Community Councils" Event on Dec 12th, 2017
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Aversion to taxes presents a major policy dilemma for elected governments: voters want governments to deliver goods and services but are deeply suspicious of their efforts to raise taxes.
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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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