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 ArticleCity 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 ArticleToronto 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 ArticleCity 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 ArticleJob 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 ArticleTories 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 ArticleOttawa 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 ArticleOttawa 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 ArticleBudget 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 ArticleTTC 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 ArticleToronto 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 ArticleCity 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 ArticleToronto 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 ArticleCity 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 ArticleJob 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 ArticleTories 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 ArticleOttawa 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 ArticleOttawa 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 ArticleBudget 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 ArticleTTC 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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