As crazy as this sounds, Mayor David Miller today is in a better position than ever to achieve a permanent fix for Toronto's fiscal mess.
For the first time since becoming mayor in 2003, Miller has everyone's attention on the budget – closing community centres and libraries has a way of accomplishing what endless talk fails to do. Miller's next "ask" must be for exactly what the City of Toronto needs, nothing less.
Yes, the city's budget is nearly $600 million in the hole for next year. Yes, debt has soared past $2 billion. Yes, the mayor has been announcing service cuts that have further angered residents. And, yes, he has no apparent plan in place to deliver a favourable council vote in October that would restore the nearly $350 million in new taxes deferred last month.
But the mayor has an enormous, historic opportunity. He must seize it by making a bold and risky play for higher property taxes, for new revenue sources not tied to property, and for help from Ottawa and Queen's Park. This three-pronged approach should lace his every speech and strategic manoeuvre.
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