IF the City's in good shape, then balancing your budget by cutting expenses is a feasible idea. IF it's in bad shape already, cutting expenses can only make it worse.
So which is it?
As for us folks 'down there', IF we paid taxes like the folks 'out there' in the distant parts of the GTA, we'd likely not have a budget shortfall, ort at least one that was smaller. That's one of the reasons why most of the people who answered Ford's Services Review on line, and most of the folks who made deputations said, "Yes, raise my taxes if thart's the only way to keep these services."
And NO, the City does not "…spend too much money", if it did we'd have the waterfront all done, recycling in all the condo and apartments, no potholes, no lead water pipe, and no shit in the Don after every rainfall overwhelms our century old sewers. Heck we might even have some improved/new roads, bikelanes and transit lines, and not just be playing catch-up with stuff we shoulda got underway the day Harris gifted us with the MegaCity.
The City doesn't spend nearly enough money, and having established there's precious little fat, gravy or waste Rob'n'Dug will ensure it's a dirtier, uglier, unhealthier and unsafer place to live if all they do is cut.
And IF we let them get away with it.