Mayor Tory
The shocking, but not unforeseen, cost of COVID-19 losses and handouts by the City of Toronto will leave it some $1.35 billion short this year unless Ontario, Ottawa or both bail it out, Mayor Tory said Tuesday. He was pondering a report on the impact of the pandemic and the fearful task of how to repay the cost. Mr. Tory mentioned such things as shutting down the subway and increasing residential taxes by as much as 60 percent. Of course, there is always the possibility of money from higher governments, also funded by the taxpayer. CBC
