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| quote: | Originally posted by Dj Smitty20
because Toronto is the CENTRE OF THE UNIVERSE right? |
Damn right!
I'm from Hamilton originally so take this for what's worth as an outsider/new import...
Toronto is the centre of Canada's financial engine and the largest city. Toronto is also the primary entry point by air and I'm sure the top city in Canada's tourism revenue.
We don't need more money from the Feds, we need to be able to reduce our outgoing transfer payments. Quite simply, there is more money going out of Toronto then there is going in because of outdated policy. That's not to say I'm letting Miller off the hook (still hasn't used that broom, eh?, the 'new' city of Toronto is rife with mismanagement. However, both the province and Feds have Toronto in a stranglehold.
So what happens if the city does go bankrupt? Parks and Recreational facilities get shut down or neglected, so do social programs. Studies have linked these factors to an increase in crime.
Fire/EMS/Police services have to tighten thiers belts, which means more crime and more people who cannot get the help they need.
Roadworks and infastructure maintainance are scaled back, roads fall apart, water mains break, the lights go out....garbage collection in public spaces will be curtailed so there is more litter laying in the streets and parks. What happens when you add this to our increased crime rate? People stop coming to visit, so say goodbye to tourism dollars. People move out of the city and businesses close, so there go property values. Now, with the city losing so much money from taxes and tourism they still have to have some incoming revenue so they hike minicipal taxes, a right afforded them by the City of Toronto Act. This discourages more people to come and spend money and even more people move or close up shop...see where this is going?
Now that Toronto is making less money, we still have those transfer payments to make so either we slip farther into the red to pay for all the pretty flowers that get planted on the roads in London and Waterloo, or we stop pumping so much money into the provincial coffers - which has an effect on healthcare, wait times, provincial government services....etc.
This is a situation that can very easily get out of control and TO will de-evolve into 1990's Detroit.
It's time to start managing Toronto like a business and not a money-tree. I'll et sh*t for this, but I would vote Mike Harris in as mayor in a heartbeat. Toronto needs help and GTA sarcasm isn't going to cut it.
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