Sat. Mar 2nd, 2024

Press briefing by Doug Ford and Olivia Chow scheduled for this morning

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The Prime Minister of Ontario, Doug Ford, announced in September the creation of a task force on Toronto's finances after a meeting with Mayor Olivia Chow. (Archive photo)

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Ontario Premier Doug Ford and Toronto Mayor Olivia Chow convened the press for 11 a.m. Monday at Queen's Park. They are expected to provide an update on the work of the task force, formed in September, on Toronto's finances.

The working group was expected to present its preliminary recommendations before the end of November.

Toronto faces a $1.5 billion shortfall to balance its budget next year.

Mayor Chow calls for a new financial pact from the provincial and federal governments to tackle the chronic budgetary problems of the Queen City.

According to a source, the Ford government would among other things open to the idea of ​​taking charge of the maintenance of the Gardiner and Don Valley highways (DVP). The bill, currently paid by the City, is estimated at approximately 16 million per year.

Ottawa has delegated a deputy minister to take part in provincial-municipal discussions.

Federal Finance Minister Chrystia Freeland, however, has reminded several times in recent weeks that cities are a provincial responsibility.

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