Ford government cuts will blow $2-billion hole in municipal budgets, Moody’s warns | CBC News
Peel
and the other three Greater Toronto regional councils — Halton, York
and Durham — are well-positioned to weather the storm, the report says,
because they have the healthiest reserve funds.
and the other three Greater Toronto regional councils — Halton, York
and Durham — are well-positioned to weather the storm, the report says,
because they have the healthiest reserve funds.
But several other
jurisdictions with smaller reserve funds, including Toronto, will be
especially hard hit, according to Moody’s vice president Adam Hardi.