It's hard for the city to justify an economic crisis when they won't raise the property taxes to be in line with the rest of the GTHA. I could understand if the city had the highest property taxes in the region and still couldn't manage, but we are nowhere near that point. There's still plenty the city can do themselves to fix this problem.
As much as I despise Thug Ford, this is Tory's legacy - 9 years of "efficiency", ignoring the looming budget issues with tax increases at or below inflation, year after year, and the voters eat it up time and time again without bothering to look at the bigger picture. "Hey, I got a few more bucks in my pocket thanks to John Tory! What a great mayor!"
The fact that he continued to take this approach while there's a strident Toronto-hating premier at Queen's Park makes it even more ludicrous, as absolutely no one should be surprised that he's now refusing to plug the budget gap. That was as predictable as the sun rising. So, what now? Continue to beg and hope that the feds come to the rescue? That's irresponsible, and there's no guarantee they'll respond either. The harsh reality is that unless we want to endure some very painful service cuts that will degrade Toronto's quality of life, city hall needs to grow a pair and start implementing a wide range of new revenue streams by way of the City of Toronto Act. That's what it was designed for. Lord knows they've studied proposals to death - how about actually doing something for a change?? I'm not convinced that any of the people running for mayor have the will or even desire to take this on.
Oh and relatedly, I'm totally on board with
@Northern Light 's suggestion of passively-aggressively closing the Gardiner due to maintenance budget cuts for the foreseeable future to force the province to upload it as part of municipal budget "efficiencies". I'd love to see Thug's face in light of that...