Budget 101: How Mayor Rob Ford’s City Hall (almost) balanced the 2013 operating budget
Even with things mired in chaos, the City of Toronto launched its 2013 budget process last week. It might feel like a small footnote amidst the news cyclone surrounding Toronto’s mayor, but it also represents a package of decisions on how the city will use nearly $10 billion next year to support important things like transit, housing, economic development and culture.
This year’s budget process feels different than last year’s. Where the 2012 budget stormed in with talks of fiscal apocalypse and 22-hour meetings in which teenagers cried, the lead-up to 2013 has been fairly subdued. Part of that is due to the array of distractions—football, court appearances, etc.—that have thrown the mayor off his game. Another part? I’m not sure Ford really knows what he wants to do next.
The most unusual thing about Ford’s third budget is probably that it’s not actually balanced. By provincial law, Toronto’s government can’t carry a year-to-year operating deficit. Yet all the budget documents that have been presented so far include a $21-million honest-to-goodness gap. It’s all part of what looks like a daring attempt by the mayor, the budget chief and the city manager to play a do-or-die game of chicken with Police Chief Bill Blair. <snip>
The entire budget is broken down below the news release.