Monday, 21 February 2011

Where's the Gravy Rob (again)?

Looking for the gravy - thestar.com
Rob Ford is not finding any gravy train (anything near like he said there was).
Of course I knew that there wasn't any gravy train, and those of you with any intelligence at all knew that. As for the rest of you...

Excerpt:

Worse, with every cut, the mayor seems to add more pressure. Since
taking office, Ford has added more than $100 million to the bottom line
by killing the vehicle registration tax and promising a property tax
freeze in 2011.


To balance his first $9.4 billion operating budget this year, the
mayor relied on $230 million in revenue windfalls and then depleted the
city’s surplus and reserve funds — a combined $370 million — to avoid
major service cuts.


Ford only needed to find $57 million in efficiencies to make the
numbers work. But next year, he will need to come up with $774 million
to balance his books. And with all of the city’s emergency savings
spent, the mayor has no safety net.


“I have no idea what they can do. All I know is they have taken a
problem we were starting to manage and made it much, much worse,” said
Councillor Gord Perks, a key player in former mayor David Miller’s
administration. “Rob Ford sold Torontonians on a fantasy. He argued that
money comes down to city hall and vanishes, and it’s simply not true.”


1 comment:

kirbycairo said...

To quote Nelson from The Simpsons, "Ha Ha."