Writing at Toronto Metro, Matt Elliott reported on the 5th Annual Toronto City Manager’s Address to IMFG in an article entitled Cigarettes, icebergs and dark roads: Toronto’s fiscal future boils down to few scary analogies.
Held by the Institute on Municipal Finance and Governance, for years the event has always had the same core message: though, yes, Toronto is a wealthy city with a growing population, city hall’s current budget practices are unsustainable.
For years, the message came from former city manager Joe Pennachetti. After he retired in 2015, Peter Wallace picked up the mantle.
New guy, same message.
Elliott calls City Manager Peter Wallace’s presentation “warning and a plea to city politicians that they need to act.”