Financing the Golden Age: Municipal Finance in Toronto, 1950 to 1975

Toronto is known for having been a prosperous and successful city in the decades after the Second World War, a period that has come to be seen as something of a Golden Age for the city. This fall, as City Council debates the future of Toronto’s long term financial direction, what lessons can we learn from the past? On November 23, historian Richard White presented findings from his recent IMFG study on municipal finances in the Golden Age, with observations about the history of Toronto’s revenues and expenditures, public debt, regional governance, intergovernmental finances, and more.