Toronto Mayor Olivia Chow will head to Ottawa next week in a bid to convince the federal government to sign on to a new fiscal framework, following a provincial promise to help tackle the city’s structural deficit.
“It’s not the gravy problem,” Chow said Tuesday of Premier Doug Ford’s acknowledgment that Toronto needs a financial fix.Ford pledged Monday to establish a working group that would develop sustainable solutions for the city’s recurrent budget shortfalls — without, he said, implementing new taxes or cutting services.For months Johnson has warned that the city was on the brink of financial crisis, facing a $46.5-billion budget pressure over the next 10 years.
Johnson, who will work with provincial officials on the new deal, said a sustainable funding model could be achieved without new provincial taxes.Chow reiterated Tuesday that she and Ford are calling on the federal government to join them at the table. She will attend a Federation of Canadian Municipalities summit in Ottawa next week, hoping to spur talks on a federal component to a new funding deal.
“We are pleased to see the Province of Ontario and the City of Toronto take steps to work together, which is both appropriate and necessary,” the statement read.
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