Toronto to lend itself cash to balance the budget

Is it the most prudent way to deal with a shortfall of $86 million needed to balance the budget? Or a short-sighted way for the Mayor to avoid raising taxes when he said that he wouldn’t? Critics predict a crushing tax increase in a few years if we don’t face the music now. The shortfall created by the Ontario government seems destined to appear every year. New forms of revenue, i.e. taxes seem necessary. And then there is the question of what it costs to run the City. The commitments are so extensive a layperson can hardly grasp them, much less judge them. Ann Hui, Globe and Mail  Jennifer Pagliaro, Toronto Star