Toronto has money issues. That's no secret. This week candidates were pushed to address how they'll fix the city's financial woes.
From left, Toronto mayoral candidates Ana Bailão, Brad Bradford, Olivia Chow, Mitzi Hunter, Josh Matlow and Mark Saunders take part in Toronto Mayoralty Housing Debate, held at George Brown College, Toronto, Ont., on May 24, 2023.That's no secret. This week candidates were pushed to address how they'll fix the city's financial woes.
During the pandemic, the city needed to provide more public health services, increased shelter spaces and public transit. Ridership on the TTC bottomed out to record lows, and because the city draws a large portion of the service's operating expenses from the fare box, the financial hole got deeper. Olivia Chow said the city will need a "modest" property tax increase, new revenue streams and a new deal with the province and federal government.
Mark Saunders said he'd stress "value for dollar" in city services and touted his experience as former police chief. He also attacked Olivia Chow and said she'll raise taxes. "The real elephant in the room — in a world where you need to pay for things — is how are you going to basically fund the programs that you want?" Mihevc said.Zachary Spicer, an associate professor of public policy at York University, said voters will need to press the candidates over the remaining four weeks of the campaign for answers. Whoever wins the race will face difficult choices, he said.
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