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Toronto Budget Surplus A Whopping $292-Million: Report

www.theglobeandmail.com  |  Posted: 04/27/2012 7:28 pm Updated: 04/27/2012 7:34 pm

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www.theglobeandmail.com:

Toronto's 2011 year-end surplus is a whopping $292-million -- $138-million more than city staff forecast when council signed off on this year's contentious budget, The Globe and Mail has learned.

Read the whole story at www.theglobeandmail.com

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Toronto's 2011 year-end surplus is a whopping $292-million -- $138-million more than city staff forecast when council signed off on this year's contentious budget, The Globe and Mail has learned.
Toronto's 2011 year-end surplus is a whopping $292-million -- $138-million more than city staff forecast when council signed off on this year's contentious budget, The Globe and Mail has learned.
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turkeylurky
Just keepin it real........
139 Fans
04:09 PM on 04/28/2012
Good job, Rob...
Given Toronto's $4.4 BILLION debt load, maybe Rob can begin paying down the debt.
At this rate it'll only take 12 years for Toronto to be debt free (providing some spendthrift like Miller doesn't get back in as mayor).
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HUFFPOST SUPER USER
nikki717
War...what is it good for?
1009 Fans
 
04:56 AM on 04/28/2012
This surplus, has caused great deficiencies elsewhere.
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Tyler Austin
Women = people. Corperations ≠ people.
366 Fans
10:26 PM on 04/27/2012
Hey, I know wher you can spend some of it, the public librariesyou said were to expensive to run.
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therainisgone
MT
333 Fans
10:26 PM on 04/27/2012
the surpluses in the miller days were 367 million ---------ford gave up 60 million in revenue from vehicle registration fees ----that would leave a budget surplus of 307 million ---if ford did absolutely zero --

ford made adjustments ------the surplus is 292 million -----15 million less than would have been the case had he done nothing
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cinderelladressmaker
346 Fans
09:50 PM on 04/27/2012
I don't know where this surprise surplus came from? But I certainly don't want Ford to take credit for it. I would love an explanation though?
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Jesusocialist
Austerity Is Fealty. Power To The Poor.
1314 Fans
12:31 AM on 04/28/2012
I'm guessing that a sizeable chunk came from the money saved on snow removal during our non-winter.
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Cael
108 Fans
 
07:57 PM on 04/27/2012
What gets me is his promises more or less was built on cutting spending and balancing the budget. He gets elected and does just that, but everyone starts complaining that he cut services.
Duh, what did you think he was going to do, or were people just angry because they cut their services.

So looks like he accomplished what he said he would. Good job.
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cinderelladressmaker
346 Fans
01:25 AM on 04/28/2012
Please don't give him credit. Apparently it was the many departments finding inefficiencies.
They will tell us more on Monday. Really, how could he have done it? KPMG probably did the ground work. It just happened to be on his watch.
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spinnerator
110 Fans
 
04:38 PM on 04/28/2012
Yes, at his direction. You people never give up.
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