Not much belt tightening when they can find $16 million to refurbish Nathan Phillips Square and $3 Million for offices

Hands in your pockets..........ratepayers associations better pay attention where their money is going

Sue Ann Levy - the Big Smoke

Miller is city-building alright. He’s building a debt so insurmountable, so unsustainable, that soon, I fear, it will impact on Toronto’s credit rating.

That, in fact, was the message delivered by the new president and CEO of the Toronto Board of Trade, Carol Wilding, during a deputation to the budget committee last week.

She predicted that without a fundamental change in the way this city spends money, businesses will continue to flee and Toronto will never become a “global city.

“We are frightened for our future,” she said. “We’re kind of at the edge of a whirlpool and we’re spiralling ... we cannot maintain this current spending pattern.”

It probably didn't occur to them that if they were short of funds they could have deferred plowing $16 million into Nathan Phillips Square or $2.9 million into office renovations