Olivia Chow inherited a financial hot mess when she became mayor of North America’s fourth-largest city last year. So what’s her plan?
Olivia Chow inherited a financial hot mess when she became mayor of North America’s fourth-largest city last year. So what’s her plan?
This is the best summary I could come up with:
It’s been a whirlwind start to Olivia Chow’s first year as mayor—a tax hike, megadollar deals with the provincial and federal governments.
I don’t accept the premise of your question, because the rate comparing to all the major cities around Toronto and in Ontario is actually lower.
After I had that new deal with the province where we uploaded the Gardiner and the DVP, (3) and got the federal government to pay their share of the refugee shelter money and some housing dollars, after I got that, I thought, okay, I still need to do these services.
We need to get to financial sustainability for all municipalities, especially the biggest city, the generator of a huge amount of Canada’s GDP.
And when the city identifies land, by and large we want to build rental housing and not condominiums, because condos are being built anyway.
That’s the Gardiner Expressway, which runs across the bottom of the city, along the lakeshore, and the Don Valley Parkway, a major north-south artery.
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