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Gopher
Joined: 04 Jun 2005
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 Posted: Sun Apr 22, 2007 6:27 pm Post subject: Inept Canadian Government? Toronto's Imminent Bankruptcy... |
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| CBC Reports wrote: |
City officials have backtracked after saying Toronto will be left on the brink of bankruptcy without major help from the Ontario government, hours later painting a more positive picture.
The initial grim prediction was made during budget debate Friday morning on the city's proposed $7.8-billion operating budget.
City manager Shirley Hoy warned of a "huge decline in the quality of life in the city" if Toronto follows through with proposed tax increases and cuts to municipal services over the coming years. "We don't believe that's right," she said.
To balance the budget, city officials say they are forced to dip into reserve funds, leaving them almost completely depleted.
But later the city's chief financial officer, Joe Penachetti, told reporters that using the word "bankruptcy" was going too far. He did, however, admit the problems are real and serious.
Without funds from Ontario, Hoy had said, city residents will see drastic service cuts, such as shutting down parks and recreation budgets entirely to avoid bankruptcy.
Debate about the budget continues on Monday. |
CBC Reports |
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Octavius Hite
Joined: 28 Jan 2004
Location: Househunting, looking for a new bunker from which to convert the world to homosexuality.
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| Posted: Sun Apr 22, 2007 6:42 pm Post subject: |
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I don't think it's "Canadaian" I think its more city managers. Look at the way many of the provinces and the federal government is run, very well I would say.
Ontario cities are trying to regain the provincial funding they lost under Mike Harris' wildly successful  "common sense" revolution.
Also they are unable to make any tough decsions, in Ottawa where I used to live, they wouldn't cut arts funding, opting instead to increase taxes. For municipal politicians and managers I offer this:
income > expenses
Simple, but often forgotten by city mafioso types trying to protect their city expense accounts. |
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Gopher
Joined: 04 Jun 2005
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| Posted: Sun Apr 22, 2007 6:44 pm Post subject: |
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| Octavius Hite wrote: |
| I don't think it's "Canadaian" I think its more city managers... |
I think you have a persecution complex, Octavius.
Why so defensive? I just aim to get a critical discussion going re: Canadian government practices.
Do try not to be so touchy and sensitive, indeed "patriotic." Nobody is perfect, after all... |
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Octavius Hite
Joined: 28 Jan 2004
Location: Househunting, looking for a new bunker from which to convert the world to homosexuality.
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| Posted: Sun Apr 22, 2007 6:47 pm Post subject: |
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No persecution comples, you're just wrong and I am correcting your mistake. The federal government has run a budget surplus for years now. BC, Sasketchewan, Nova Scotia and others have as well. And Alberta is totallyu out of debt.
While I agree that Canadian city managers are terrible (usually) your inclusion of "Canadian" is just plain wrong as our country (at least in federal and provincal terms) is well managed. |
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Gopher
Joined: 04 Jun 2005
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| Posted: Sun Apr 22, 2007 6:50 pm Post subject: |
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I disagree. I think "Canadian culture" is to blame.
What do you think, Plig...? |
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Gopher
Joined: 04 Jun 2005
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| Posted: Sun Apr 22, 2007 7:10 pm Post subject: |
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| bump |
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