In spite of everything, the city posts a surplus
In spite of everything, the city posts a surplus
—The city’s net operating surplus for 2013, according to numbers released on Tuesday. Contrary to popular belief, Toronto routinely posts year-end surpluses, in part because of some very conservative budgeting practices (the city is legally forbidden from running a deficit). Last year was evidently no different, despite all of Rob Ford’s scandals. Thanks, bureaucrats.
If there is a surplus, why aren’t we investing more in transit? Service gets worse and worse all the time.
What are you, a communist? The ultimate goal is to get everyone OFF public transit and into a car. Work harder, save more, and one day you can cruise the congested streets of Toronto in a big shiny Escalade, like your mayor does.