Of course a big surplus is as much as sign of ineptness as a big deficit if you're trying to balance the budget and reduce costs. It's just that it's on the happy side of the ledger. If we were talking diets, we'd call it extra gravy, or dessert.I read this article. I'd like to see a report by a real finance guy, not this journalist.…edit…Also, in Ford's first year (if that journalist's figures are accurate), his budget surplus exceeds Miller's 1st three years combined. Miller's last two years have higher annual surpluses but let's not forget the new taxes he introduced, including the much higher land transfer tax.
But I too would like to see a "…a report by a real finance guy", not just your statements. Miler's new taxes gave Rob the inherited surplus he needed to balance his first budgets. His current surplus still depends on a Miller tax he said he'd repeal when elected. His own people say he can't manage without it, so now his promise is reduced to 'we'll study a 10% reduction'.
Meanwhile since Rob decided subways were 'too hard' for him to think about (although Miller's taxes were part of a thoughtful plan for them) the Province has had to step in to solve Toronto's problem with revenue tools/taxes including—wait for it—possibly a vehicle registration tax. Unlike Rob, thinking people know you can't get something for nothing. But you sure can waste time.
A real finance guy would say the same.
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