Live Breaking News & Updates on Budget Chief Gary Crawford
Stay updated with breaking news from Budget chief gary crawford. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Toronto’s proposed budget for 2022 includes the largest residential tax hike of Mayor John Tory’s tenure as the city faces significant pressure from both rising inflation and the COVID-19 pandemic. ....
Article content As hardworking taxpayers tightened their belts last year to cope with pay cuts and job losses, Toronto’s municipal employees were busy cashing in bigger paycheques with your tax dollars. The City of Toronto currently employs 34,603 workers. Last year, only 104 of them didn’t get a raise. That means over 99.6% of Toronto municipal employees got a pay hike. We apologize, but this video has failed to load. Try refreshing your browser, or GOLDBERG: A tale of two downturns in Toronto Back to video Toronto has been experiencing a tale of two pandemics. Government employees have largely got through the downturn scot free, while workers outside of government have borne the burden. ....
Article content Last week, Toronto kick-started its annual budget process. This year’s budget will be like no other and will largely be remembered as the ‘COVID Budget.’ This budget is arriving at an unprecedented moment for the city, making it critical that council’s philosophical differences be put on hold in order to collectively address the clear and present dangers of COVID-19. We apologize, but this video has failed to load. Try refreshing your browser, or RANSOM: Toronto s COVID Budget a start for pandemic recovery Back to video Generally, the City of Toronto accurately predicts where revenue will come from to cover operating and capital costs each year. However, with the COVID-19 pandemic, the picture has never been less clear. ....
Toronto releases 2021 budget, cite revenue losses of $1.6-billion due to pandemic by Lucas Casaletto Last Updated Jan 14, 2021 at 1:50 pm EDT The City of Toronto launched its 2021 tax-supported budgets citing “significant financial impacts” as a direct outcome of the ongoing COVID-19 pandemic. As part of its detailed release, the city says the results, once formally finalized on February 18, are expected to continue into 2021, with anticipated financial pressures of approximately $1.6 billion. The 2021 staff-recommended, tax-supported operating budget of $12.09 billion focuses on managing COVID-19 impacts and recovery, preserving existing services within health guidelines, keeping property taxes affordable, and building a prosperous Toronto with a focus on equity. ....