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On September 18th, Premier Ford and Toronto Mayor Olivia Chow agreed to establish a new-deal working group with a mandate to achieve long-term stability and sustainability of Toronto’s finances.
The working group will be made of up public servants from provincial ministries and city departments. Work is to start immediately with the goal to deliver an agreement before the end of November.
Any agreement established by the new-deal working group must:
- Respect and support the efficient delivery of local governance and city programs;
- Protect frontline services and frontline municipal workers;
- Avoid new taxes and fees on hard-working residents of the city; and
- Support the delivery of shared priorities, including building affordable and attainable homes, public transit and city-enabling infrastructure.
As you’ll recall at the 2023 AMO Conference, in response to questions on new revenue tools, Finance Minister Bethlanfalvy said that the Government would not be introducing any new taxes.
We will be monitoring this work and look for opportunities to continue to advocate for access to predictable long-term funding supports for all municipalities that are reflective of the value and cost of the services municipalities are expected to deliver.