Toronto's new labour contracts, driven by agreements like the TTC’s, could lead to taxpayer costs nearly equal to the revenue generated from a proposed property tax increase.
Mayor Olivia Chow emphasized that retaining workers through fair labor agreements is crucial for maintaining essential city services despite the financial challenges posed by these contracts.
Coun. Joe Burnside criticized the financial planning around labor costs: 'This is a self-inflicted budget... you're setting yourself up for a really bad budget season.'
With a projected $300 million set aside for impending labor agreements, Toronto's budget reflects a struggle to balance worker retention and financial sustainability amid increased expenses.
Collection
[
|
...
]