StarEditorial: As city staff made clear, while COVID-19 was an aggravating factor in the city’s budget, Toronto faces ongoing structural financial problems.
The federal and provincial governments have failed to provide Toronto with the ongoing financial support the city has requested to cope with the financial hangover of COVID-19, estimated at $933 million in this year’s budget.
According to Deputy Mayor Jennifer McKelvie, Freeland was “very clear” Monday that the Liberals’ pledge to assist the city would not be honoured in Tuesday’s budget. It’s a grim situation, one with profound risk of eroding the city’s quality of life and its role as an economic engine for the province and the nation. Given those stakes, it’s disappointing and surprising the provincial and federal governments have not been seized with finding a long-term solution.
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