Toronto City Council passed a motion Tuesday asking city staff to report back on new revenue options, including a possible parking levy, as the city continues to deal with serious revenue shortfalls.
Mayor Tory brought the motion forward and made the item his first key matter at Tuesday’s council meeting.
The Ontario government has said it will send in auditors to assess the city’s finances as it mulls how much compensation to provide Toronto in the wake of a provincial housing plan which blocked the city from collecting some fees from developers. The move is expected to cost Toronto upwards of $200 million a year.
Speaking to council Tuesday, Tory suggested the city may need to explore all options available so that those governments are not able to dismiss funding concerns out of hand. There is currently no requirement for the federal or provincial government to provide cities with any regular money, though regular funding for large cities from higher orders of government is common in other parts of the world.
While the City of Toronto Act allows Toronto to implement revenue tools to help meet its needs, some require provincial approval or cooperation. Ontario has previously blocked the city from enacting them. For example then-premier Kathleen Wynne denied Toronto's request to add tolls to the Don Valley Parkway and Gardiner Expressway in 2017, though she did agree to provide municipalities with a greater share of gas tax revenue.
Mayor Tory dismissed the idea at the time as having already been explored and rejected, but recently agreed it would be worth taking a fresh look at the option.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Unacceptable conditions:' Protesters rally for more shelter supports ahead of Toronto council meetingThe high noon sun bounced off City Hall’s two towers, but the ground below was still iced over and cold. Nonetheless, dozens of Torontonians laid down on the frozen square Monday, dramatizing sleeping on the street.
Read more »
Firefighters investigating after large sinkhole found under school bus in Toronto - Toronto | Globalnews.caToronto fire told Global News the sinkhole was located at around 4:36 p.m., on Monday in the Balsam Avenue and Queen Street East area.
Read more »
TTC assault latest incident involving attacks on city's transit system | CBC NewsPolice say officers were called to the Toronto Transit Commission's Eglinton West station bus terminal at 2 a.m. Sunday for reports of an assault.
Read more »
Five things to know about health-care talks Tuesday between Trudeau, premiersOTTAWA — On Tuesday in Ottawa, Canada’s 13 premiers and Prime Minister Justin Trudeau will sit around the same table in person for the first time since…
Read more »
Five things to know about health-care talks Tuesday between Trudeau, premiersHealthcare talks between Trudeau and the premiers are set for Tuesday. Here’s a snapshot of how we got to this point, and what they’re going to be talking about.
Read more »