Toronto Mayor Olivia Chow announces public consultations on Nov 1,ahead of the 2024 budget process. The city that must find a way to cover its $1.billion budget shortfall.
The City of Toronto is holding eight public consultations this month in the run-up to the 2024 budget. The city says it wants to hear from residents before making "difficult financial decisions." It faces a projected $1.5 billion operating shortfall and a $46.5 billion shortfall in the next 10 years.The City of Toronto is holding eight public consultations this month in the run-up to the 2024 budget.
"We want to ask Torontonians which services matter most to them," Mayor Olivia Chow said at a news conference Wednesday. Chow is encouraging people to tell city officers "what services matter to them" and "how much they are willing to pay for it."Public consultations will run Nov. 20 to 30. Five of them will be in person and three of them will take place virtually. People can also participate through an online survey.
The city says it will present the public's feedback to the provincial and federal governments during meetings of the working group formed to address the city's dire finances.
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