Toronto facing $26B infrastructure shortfall to maintain service over next decade
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- เผยแพร่เมื่อ 31 พ.ค. 2024
- A report adopted by Toronto City Council’s Executive Committee today says the city is staring down a $26 billion shortfall when it comes to maintaining its infrastructure in a state of good repair (SOGR) over the next decade.
"That's what keeps me up at night," Mayor Olivia Chow told reporters ahead of the Executive Committee meeting Thursday.
Regulations passed by the province several years ago require Ontario municipalities to have council-approved strategic asset management plans which are updated at least every five years. The plans must also anticipate service levels.
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And yet we have to spend billions for the stupid soccer games. John Tory really f’ed up Toronto right up its ass.
Other cities beg for the games to come to their cities, btw everything chow mentioned is nothing to do with the games. It's basically a failed city because people keep voting for amazing mayors 😂
Lefties like you are voting for these spending. The city can't live beyond its means
Approx $54M a week is needed every month for ten years… good luck.
Approximately 9 months ago a car hit a lightpost and bikepost near me.
About a month ago they replaced the bikepost utilizing shoddy concrete (the bike post could be pushed over if one wished too, as it is not even properly anchored).
The lightpost?
A year from now?
2?
I love to watch this dystopia show its true face.😊
Instead of wasting money to rename Dundas Square the 12 million could have been put to better use.
What kind of loser looks at a street sign that says "Dundas" and starts thinking about someone named Dundas from over a hundred years ago? To me and to lots of other sensible people, Dundas is just the name of a street, and my mind doesn't go towards thinking about Dundas the person. Also, you can change a street name but that doesn't change what happened in the past, so what is the real point in changing the street name other than wasting money?
@@js09js09 Coddled woke lefties who focus on that stuff instead of getting a job, that's who.
@@js09js09 jews
@@js09js09 Agree
@@js09js09 they might be renaming other streets too. And babypoint neighbourhood. Also they have closed bidding and probably other waste.
Can we finally admit that there are TOO MANY PEOPLE living in the GTA? There isn't enough housing, transit, etc. Amenities like parks and beaches are always packed. Traffic is a nightmare. Why do we keep building more highrises and making all the problems worse?
The $26 billion shortfall Canada is seeing for infrastructure needs is significant. The funding of unnecessary wars, control of resources, and country currencies is concerning. Many people are receiving government assistance, and no matter how much more money they tax, there will always be a shortfall. The costs of goods and services and the purchasing power of the Canadian dollar diminish or don't make up for the fact that a $5 bill, for example, doesn't change daily with the change in the value of the actual currency. There's no incentive to owning a piece of paper that really has no value. 😢
yeah, thats why i own bitcoin.
The city should Audit those 3.3B Dólares and see why they are so high. Then, bring them down so you can find a better way to deal with these costs.
all that money is in useless and overpaid public sector employees.
John Tory should have to answer for this mess!
Lol, after covid downtowns will never be the same. But toronto voted for Tory and chow. Lol you get what you vote for
Tory and Miller and Lastman
Could you inform the public why the city of Toronto bought short suddenly? Was the city already broken in previous administration? We pay taxes and we get cutoff the services. If running the city is difficult, should someone can handle it without adding taxes and cutting the service tack over
the city has been broken for decades. all the previous mayors and councillors chose to sweep things under the rug for better publicity. Olivia is pulling back the rug and revealing decades of mess. We are unfixable at this point, we are failed and we will be Brazil in a decade.
The failed city that requires constant support.
Maybe you should install MORE bike lanes... that’ll solve the problem...
Chow on that Toronto
Good thing were hosting the scamcup soccer tournament
One of the most expensive places to live in Canada & the mayor just admitted it’s falling apart. Ok then.
oh, first time in a capitalist economy?
Could have used the $4B plus that is overbudget on the Eglinton LRT Line to pay for some of this other infrastructure. Or maybe don't rename Dundas Sq. Or maybe don't spend millions replacing perfectly good waste bins with new waste bins just because the new waste bin has a slightly larger opening etc etc etc
Our politicians from all levels of govt and all parties are the most incompetent people in our country. We have fools running our country.
Chow is clueless, her only solution will be to raise taxes
My question, after working in new construction for 20 yrs, is what the hell are they doing with all the EXTRA/NEW money coming in from the sale of tens of thousands of new condos every year? I know how much goes to the city for each new sale, and every single new unit pays property taxes...that's a ton of money...where is it going? Government spends money as responsibly as a craxck addict.
She twitches so much the camera cant focus on her.
Chow is fixing the city, moron.
That's only like $10k dollars per person over 10 years. What's the big deal? Tax Torontonians!!!
Why most politicians including Olivia Chow always talk about the problems and with no solutions? Most Canadians are already feeling the hardship of putting food on the table everyday. Let us talk about some facts about Canada.
According to Canadian Global Affairs Institute dated April 2024, it says, "Canada standing alone as the only country in the then-31-member Alliance not meeting both NATO investment pledges"
Canada spent just 1.33 per cent of GDP on defence in 2023.
According to Financial Post dated Jan 03, 2024: Canada’s personal tax rates are amongst the highest on Earth.
According to Statista dated Feb 2, 2024, Canada has one of the lowest population densities in the world.
More facts: So far, there are no extraordinary mega structures built or being built in Canada. We do not even have a working submarine that is fit for military services.
Even our prime minister's airplane was recently stuck in India because of lacking of maintennance and spare part. What a shame!
Most government services have been cut to minimum. Canadians can't even leave messages on their auto-answer phone system. Thousands of people are homeless, with no family doctor, with no dental care, drug addicted, mentally stressed, violent, etc.
Can someone ask this very simple question - Where has all the tax money gone?
I agree
It’s all a scam system filled with lies from various news sources and mentally programmed individuals
they are already rich that’s why.
Stop donating our $$$$$$$$$$$$ overseas
wrong video, need to post this to Trudeau videos 😂
Ayatollah Chow
CHOW MAKES ME VOMIT LIKE TRUDEA, SINGH AND FREELAND
Is Toronto still regarded as world class?? Is canada still an advanced economy??
"World Class" is made up marketing jargon so real estate agents can make more money. There is no such thing as world class, and if there was, Toronto would have been on the list in the 70s and 80s.
Maybe rename roads and pay for fifa to visit.
Say no to women's leadership
Keep begging the federal and provincial governments also raise the property tax enjoy socialism
Dear Torontonian's, if you thought your taxes are high now, wait until this potsticker is through with you! LOL! You voted for it!
She and her lefty commissars will ream the proletariat, but goood!
O yes Oliva keep wasting money on changing street names. This is Toronto alone facing $26billion. 26Billion you can rebuild a country of 39million.
What kind of loser looks at a street sign that says "Dundas" and starts thinking about someone named Dundas from over a hundred years ago? To me and to lots of other sensible people, Dundas is just the name of a street, and my mind doesn't go towards thinking about Dundas the person. Also, you can change a street name but that doesn't change what happened in the past, so what is the real point in changing the street name other than wasting money?
Buddy, Tory set these things up for us to fail years before Chow even got to this point. We have to pay billions for some soccer games, and that was under Tory’s watch.
the street name thing started under Tory, moron
@@tushan1013 So as the Toronto Mayor, all Olivia knows how to do is put the blame on the previous mayor when there are criticism? She's the new mayor fix it. I lost count in the number of interviews I have watched where all she does is blame Tory.
Diversity is our strength, let's keep spending money on renaming streets to fix this. Ask JT, the budget should balance itself.
😂 she seems to be also the same fish from PM inspite of 150 dollars raise in our property taxes. There is an infrastructure maintenance shortage
Too many $ go to the wrong causes.
Well you better raise taxes and stop crying to the Federal government for tax dollars from Canadians who don't even live in the same province.
These people waste our money and want more now
Really...😂
Unreliable TTC shut it down.
Explicit explicit *** Liberals *** NDP *** explicit** Socialism. You get what you vote for TO.
why do we pay taxes if we are not getting what we pay for?
Ask the police return funding
The Police will need even more money to protect the city from all the Human trash Trudeau dumped here.
If there was a massive backlog from the very beginning, why hasn't the mayor Chow addressed those issues beforehand rather than forcing taxpayers in the City of Toronto to fork out the money in which they can't afford. Why doesn't the mayor hold those accountable! Announce their names coward!
Stop renaming streets, bring open biddings and look for other efficiencies and urge the feds to control immigration. That comes first before looking for other solutions.
Seriously you need an operation overhaul, if India can send a space fleet including technology satellites to the moon for 75M , and you asking for 26B
Immediately starts making excuses.. the west is going bankrupt
Well... who voted her? Torontonian...🤣
Hry Chow very few are privliled to make near what you do maybe all city hall and you could take a pay cut to help as most of us are drained to the max.
She rode her bike to LA
Ho HO Ho Chow Chow Chow has to go
อยากรู้เขาพูดว่าอะไรครับ
That's easy for you to say!
And yet they want to waste money renaming dundas sq and dundas station and dundas st. Shortfall but lets waste money for the few vocal woke people.
Bring a Vegas style casino and complex to downtown Toronto..........Put Toronto on the map. Toronto is a concrete city stuck in 70s and run poorly by greed politicians.
They should raise residential property tax to cover this $26 billion shortfall.
I see in addition to attempting to reign in the budget, she's also reigning in her ENGRISH accent.
The condo developers are running this city, making millions and not paying their share of infrastructure costs. How in the world can so many of these projects by constructed, with the city crying poor every year? These
condos have added 100's of thousands of people to the downtown area over the last 20 years, but the city
must provide all local services, parks, roads, etc. And the Province is not keeping up with funding for Hospitals,
and schools for this increased population, a total failure in leadership. I wouldn't let one more condo tower be
built until they squeeze more money out of these developers.
The city does not provide schools or hospitals
Where the hell is the money saved, oh that's right you didn't save any for public transit. What a useless mayor.
I sure hope you enjoy your one term because you will NEVER see the mayor's office again. Chow is the most useless thing ever. Get out and stay out.
Olivia said there is no subway system in LA, but there is.
en.wikipedia.org/wiki/Los_Angeles#Rail