As City staff gear up for the 2017 budget process, the mayor has declared that an above-inflation property tax revenue increase is off the table. Council has also successfully pushed off introducing any new revenue tools until next year. What does that mean for the budget? We read the City Manager’s latest report so you don’t have to.
For years, the City of Toronto has been deliberately taking in less revenue while expanding infrastructure and services. Forget the “efficiency” bullshit—this has largely been made possible through unsustainable and unreliable funding sources. In this new report, top City bureaucrats warn City Council that they can’t postpone tough decisions any more.
Here’s the full report. It’s like 40 pages. Are you gonna read it? Hell, no! So here’s the gist.
This City Council meeting will be a busy one, with taxis, bike lanes, Rob Ford’s replacement, the TORONTO sign, and more. Read my full preview at Torontoist.
A current pet peeve: the “sharing economy”. It seems to me that two quite different things are being lumped together under this label, and it muddies the debate. Continue reading Hot Take: The “sharing economy”