Premier Doug Ford says he agrees that the City of Toronto needs a “new deal” for ongoing funding after holding a meeting with Toronto Mayor Olivia Chow Monday, but says he’s not in favour of any new taxes that would help Toronto dig itself out of a fiscal hole.
Ford and Chow held a meeting at Queen’s Park Monday in their first substantive meeting since Chow took office earlier this summer.
Toronto City Council had recently voted to explore a range of new revenue options to deal with a $1.5 billion shortfall. Some of those options, such as a municipal sales tax or tolls, would require provincial approval.
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