BREAKING: Cash-strapped Toronto denied COVID bailout in Ontario 2023 budget
Ontario’s biggest muncipality had called on the province to help supplement its massive 2023 shortfall, asking for $510 million in so-called COVID-19 hangover costs.
“We need, of course, the municipalities to do their part right across the province, and so we’ll work with the cities on their financial challenges and of course we’ll continue that dialogue,” Finance Minister Peter Bethlenfalvy said Thursday. City staff had counted on that revenue to fund the infrastructure and services needed to support the growth, and pegged the loss at more than $200 million a year.
“You know, if they want more money, we’re going to find out where the waste is,” Premier Doug Ford said Thursday.
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