Financial Facelift: Debt doubts cast shadow for world-class city with major expenses

Toronto chose to put low taxes ahead of infrastructure and services, but it has put her in a bit of a bind. She is 181 years old and has diverse thriving industries, a vibrant cultural scene, and well-loved municipal services like parks and libraries.

She has several major expenses, ranging from large-scale capital projects to everyday service improvements, all of which she wants to pay for without raising taxes or going into debt. As the nation’s economic hub, Toronto has substantial earning power — but she chooses to take in less revenue than she could. Continue reading Financial Facelift: Debt doubts cast shadow for world-class city with major expenses