Premier Doug Ford says he agrees that the City of Toronto needs a “new deal” for ongoing funding after holding a meeting with Toronto Mayor Olivia Chow Monday, but says he’s not in favour of any new taxes that would help Toronto dig itself out of a fiscal hole.
Ford and Chow held a meeting at Queen’s Park Monday in their first substantive meeting since Chow took office earlier this summer.
“Toronto’s deep financial challenges are no longer sustainable,” Ford said in a statement. “Toronto is a major contributor to Ontario and Canada’s economic success. Governments need to work together to deliver solutions that protect services, avoid new taxes and put the city on a path toward long-term financial stability. I look forward to working with Mayor Chow to build a stronger Toronto and ensure it remains an economic engine for Canada.
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