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Toronto posts $70M surplus in first quarter

The City of Toronto realized an operating surplus of $70.3 million for the first three months of the year thanks to less spending by various departments and revenues from the land transfer tax,...

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City on track to post $115M surplus for 2012

After repeated warnings of an operating budget shortfall in 2011, the city expects to post a significant surplus — $115 million — by the end of this year, thanks to higher-than-expected revenue from...

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Toronto expects $218M lower surplus this year

This year’s surplus will be $218 million lower than last year’s, according to a city of Toronto report. Chief financial officer Rob Rossini estimates a $14.3-million budget surplus by the end of 2013,...

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City budget committee to discuss $58M surplus

Members of the city budget committee will meet Tuesday and it’s expected they will discuss Toronto’s projected year-end surplus of $58.5 million. Higher-than-expected revenue from Toronto Building and...

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Job vacancies surpass 2,500 as city touts budget surplus

Job vacancies in the City of Toronto have hit 2,543 as the city touts a projected year-end $58.5 million budget surplus. Most of the unfilled positions are in frontline public service delivery like the...

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Tories allow social housing providers to hold onto surplus funds

The Conservative government has announced rule changes that will allow social housing projects to hang on to surplus funds after their operating agreements with Ottawa expire. Social housing providers...

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Ottawa to eliminate deficit in 14 months, to run surplus afterwards

The federal government’s books will be back in balance in little more than a year and run a surplus from that point on, Finance Minister Jim Flaherty said Monday in generally upbeat testimony given...

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Ottawa should use projected budget surpluses to fight poverty: advocacy group

Ottawa should funnel predicted multi-billion-dollar budget surpluses into helping Canadians who are struggling to make ends meet, an anti-poverty coalition said in a report released Tuesday. Campaign...

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Budget surplus could be bigger than forecast in 2015: Flaherty

The federal budget surplus could be bigger than predicted in 2015, Finance Minister Jim Flaherty said in an interview aired Sunday. The assessment falls in line with projections from the parliamentary...

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TTC votes to use $47.7M surplus for 2015 fare freeze

The TTC has unanimously approved a motion by member Karen Stintz to use a budget surplus of $47.7 million to avoid a fare increase in 2015. Stintz, who was the TTC chair until she decided to run for...

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Image may be NSFW.
Clik here to view.

Toronto posts $70M surplus in first quarter

The City of Toronto realized an operating surplus of $70.3 million for the first three months of the year thanks to less spending by various departments and revenues from the land transfer tax,...

View Article

City on track to post $115M surplus for 2012

After repeated warnings of an operating budget shortfall in 2011, the city expects to post a significant surplus — $115 million — by the end of this year, thanks to higher-than-expected revenue from...

View Article

Toronto expects $218M lower surplus this year

This year’s surplus will be $218 million lower than last year’s, according to a city of Toronto report. Chief financial officer Rob Rossini estimates a $14.3-million budget surplus by the end of 2013,...

View Article


City budget committee to discuss $58M surplus

Members of the city budget committee will meet Tuesday and it’s expected they will discuss Toronto’s projected year-end surplus of $58.5 million. Higher-than-expected revenue from Toronto Building and...

View Article

Job vacancies surpass 2,500 as city touts budget surplus

Job vacancies in the City of Toronto have hit 2,543 as the city touts a projected year-end $58.5 million budget surplus. Most of the unfilled positions are in frontline public service delivery like the...

View Article


Tories allow social housing providers to hold onto surplus funds

The Conservative government has announced rule changes that will allow social housing projects to hang on to surplus funds after their operating agreements with Ottawa expire. Social housing providers...

View Article

Ottawa to eliminate deficit in 14 months, to run surplus afterwards

The federal government’s books will be back in balance in little more than a year and run a surplus from that point on, Finance Minister Jim Flaherty said Monday in generally upbeat testimony given...

View Article


Ottawa should use projected budget surpluses to fight poverty: advocacy group

Ottawa should funnel predicted multi-billion-dollar budget surpluses into helping Canadians who are struggling to make ends meet, an anti-poverty coalition said in a report released Tuesday. Campaign...

View Article

Budget surplus could be bigger than forecast in 2015: Flaherty

The federal budget surplus could be bigger than predicted in 2015, Finance Minister Jim Flaherty said in an interview aired Sunday. The assessment falls in line with projections from the parliamentary...

View Article

TTC votes to use $47.7M surplus for 2015 fare freeze

The TTC has unanimously approved a motion by member Karen Stintz to use a budget surplus of $47.7 million to avoid a fare increase in 2015. Stintz, who was the TTC chair until she decided to run for...

View Article
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