Toronto’s season of the buy out

Libraries, Police, TTC — all of them are mulling the prospect of offering buyouts as a way to thin their ranks and balance their books. The Toronto Police Services Board has said it will consider a $20 million buyout program to speed as many as 400 officers into early retirement. That could save an estimated $40 million. Toronto Public Library board will consider a buyout program and although they refuse to confirm it, TTC commissioners are widely expected to examine buyouts as a way to help balance their budget.