Posted AT 7:26 AM EDT on 08/04/08
It's time to cast a penny-pinching gaze at the private sector
I recently served on a special panel reviewing the City of Toronto's financial problems. We were seeking a more stable long-run match between the city's revenues and expenses. Our final report, released six weeks ago, provided a reasonably balanced grab bag of ideas: some operational efficiencies here, some new taxes there. Above all, a clarion call to adequately fund our cities, so they can fulfill their crucial economic and social role.
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