Toronto finished 2012 with a $248-million surplus, and although the city is still facing some significant fiscal constraints, its budget chair says the numbers are rare good news for Mayor Rob Ford.
The figures, released on Tuesday as part of a staff report that will go before the budget committee later this week, come as the mayor tries to turn the page on allegations he was caught on video using crack cocaine. The mayor has said he does not use the drug and no such video exists.
Councillor Frank Di Giorgio, who took over as budget chair when councillor Mike Del Grande stepped down earlier this year, said in an interview that the mayor will no doubt welcome the staff report.
“In his eyes, it will essentially indicate that there’s positive proof of his focus on finding efficiencies,” he said.
The city’s 2012 surplus for its more than $9-billion budget is thanks in part to higher than expected land transfer taxes, unfilled vacancies and underspending by the Toronto Transit Commission.
Entre un maire qui aurait fumé du crack, mais qui gère bien sa ville et un autre qui est blanc comme neige, mais qui utilise l’argent des contribuables pour ériger un monument à sa gloire, mon choix est simple: j’y vais avec celui qui aurait fumé du crack !