Toronto is obviously reliant on Provincial and Federal funding, especially in the development of our future rapid transit systems. Under current agreements this funding will continue; however, I believe it is time that City Council endorse the creation of a Toronto owned financial institution to control and support the city's financial future. This financial corporation will allow the city to offer competitive mortgages and insurance coverage to Toronto residents and in turn assist the city in the development of the Toronto Waterfront.
Toronto is the largest city in Canada. There is absolutely no need for Toronto to go "hat in hand " to the Federal or Provincial Governments seeking handouts. By initiating the above we will keep Toronto dollars in Toronto. We (the voter) will then control are own financial future by better servicing the financial needs of our residents.
Barry Goodhead
No comments:
Post a Comment