{"id":2912,"date":"2008-03-26T12:50:51","date_gmt":"2008-03-26T17:50:51","guid":{"rendered":"http:\/\/spacingtoronto.ca\/2008\/03\/25\/budget-2008-maybe-next-year\/"},"modified":"2013-01-21T15:06:21","modified_gmt":"2013-01-21T20:06:21","slug":"budget-2008-maybe-next-year","status":"publish","type":"post","link":"https:\/\/spacing.ca\/toronto\/2008\/03\/26\/budget-2008-maybe-next-year\/","title":{"rendered":"Budget 2008: Maybe Next Year"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/farm1.static.flickr.com\/83\/242776750_8dab32c57f.jpg?v=0\" height=\"375\" width=\"500\" \/><\/p>\n<p>Toronto is mentioned 35 times in the 2008 provincial budget that was tabled this afternoon. Tellingly, however, seven of those 35 Torontos are in the context of &#8220;Greater Toronto Area&#8221; or &#8220;Greater Toronto and Hamilton Area,&#8221; six mentions are in background information, two are actually &#8220;outside Toronto,&#8221; another two are in footnotes and one is in the address for the provincial publication store.<\/p>\n<p>Here are the new gifts in Toronto&#8217;s Easter basket:<\/p>\n<blockquote><p>-$497 million for public transit in the Greater Toronto and Hamilton Area as part of the MoveOntario 2020 plan, which equates to all of Metrolinx&#8217;s \u00e2\u20ac\u0153quick win\u00e2\u20ac\u009d projects (all of which have been previously announced). For Toronto this means projects titled \u00e2\u20ac\u0153TTC Transit City Light Rail Transit Head Start\u00e2\u20ac\u009d ($7.1 million), \u00e2\u20ac\u0153Yonge Subway Capacity Improvements\u00e2\u20ac\u009d ($293 million), \u00e2\u20ac\u0153Yonge-Finch-Steeles Bus Rapid Transit\u00e2\u20ac\u009d ($5.7 million).<\/p><\/blockquote>\n<blockquote><p>-$100 million for repairing social housing across the province, of which Toronto&#8217;s share is not specified.<\/p><\/blockquote>\n<blockquote><p>-$25 million to the University of Toronto to build a new Munk School of International Studies.<\/p><\/blockquote>\n<blockquote><p>-$57 million increase to business and economic development \u00e2\u20ac\u0153primarily as a result of one-time support for the University of Toronto &#8212; Rotman School of Management&#8217;s new Prosperity Institute.\u00e2\u20ac\u009d<\/p><\/blockquote>\n<blockquote><p> -The province is commissioning (for an unspecified number of dollars) a report by U of T academics Richard Florida and Roger Martin on the changing composition of Ontario&#8217;s economy and workforce.<\/p><\/blockquote>\n<blockquote><p>-$9 million to the Ontario College of Art &amp; Design for a new digital media lab<\/p>\n<p>-$8 million to expand the Pathways to Education program to two additional Toronto neighbourhoods plus $2.9 million for the existing Regent Park Pathways to Education program.<\/p>\n<p>-$9 million for the Toronto Ronald McDonald House.<\/p><\/blockquote>\n<p>And though we were teased with the prospect of municipalities getting a share of any provincial surplus beyond $800 million, the budget released today only anticipates a $600 million surplus*, which would leave Ontario&#8217;s cities and towns with no new funds at the end of this fiscal year.<\/p>\n<p>This is all mighty unimpressive to me.<\/p>\n<p>While fiscal prudence may be in order due to the struggling US economy and our weakening manufacturing sector, constraining investment in our already crumbling cities when we&#8217;re still experiencing economic growth is hardly a reassuring signal. It distresses me to think about how much further we&#8217;ll fall if and when the next recession hits Ontario &#8212; whenever that may be.<\/p>\n<p>If there&#8217;s any silver lining to be had here it&#8217;s that none of the new investments in municipalities are on the operating side of the ledger. That may mean a substantial announcement is forthcoming when Premier McGuinty announces the results of the Provincial-Municipal Review in June, which are expected to take effect next year. On the other hand, this could just be the prelude to a dreadfully disappointing spring.<\/p>\n<p><em>*Correction: The surplus for 2007-08 is $600 million while the 2008-09 surplus is estimated to be $800 million. In any event, this means no new funding for municipalities under the proposed formula for handing out provincial surpluses.<\/em><\/p>\n<p><em>Photograph by <a href=\"http:\/\/www.flickr.com\/photos\/lexnger\/\">LexnGer<\/a>. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Toronto is mentioned 35 times in the 2008 provincial budget that was tabled this afternoon. Tellingly, however, seven of those 35 Torontos are in the context of &#8220;Greater Toronto Area&#8221; or &#8220;Greater Toronto and Hamilton Area,&#8221; six mentions are in background information, two are actually &#8220;outside Toronto,&#8221; another two are in footnotes and one is<a href=\"https:\/\/spacing.ca\/toronto\/2008\/03\/26\/budget-2008-maybe-next-year\/\">Continue reading <span class=\"sr-only\">&#8220;Budget 2008: Maybe Next Year&#8221;<\/span><\/a><\/p>\n","protected":false},"author":4037,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ngg_post_thumbnail":0,"_ef_editorial_meta_paragraph_assignment":"","_ef_editorial_meta_date_first-draft-date":"","_ef_editorial_meta_checkbox_needs-photo":"","_ef_editorial_meta_number_word-count":"","footnotes":""},"categories":[33,50,2,8],"tags":[8470,8475,1558,45,2746,4705,8472,636,1877,8473,2306,8474,8476,44,2712,8477,4463,8478,8471,7010,19,506,270,391],"class_list":["post-2912","post","type-post","status-publish","format-standard","hentry","category-housing","category-infrastructure","category-politics","category-transit","tag-aeoettc-transit-city-light-rail-transit-head","tag-digital-media-lab","tag-easter","tag-funding-cities","tag-manufacturing-sector","tag-mcguinty","tag-munk-school-of-international-studies","tag-ontario","tag-ontario-college-of-art","tag-ontario-college-of-art-design","tag-premier","tag-prosperity-institute","tag-provincial-municipal-review","tag-queens-park","tag-richard-florida","tag-roger-martin","tag-school-of-management","tag-starta","tag-subway-capacity-improvementsae","tag-the-provincial-municipal-review","tag-toronto","tag-united-states","tag-university-of-toronto","tag-usd"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Budget 2008: Maybe Next Year - Spacing Toronto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/spacing.ca\/toronto\/2008\/03\/26\/budget-2008-maybe-next-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Budget 2008: Maybe Next Year - Spacing Toronto\" \/>\n<meta property=\"og:description\" content=\"Toronto is mentioned 35 times in the 2008 provincial budget that was tabled this afternoon. Tellingly, however, seven of those 35 Torontos are in the context of &#8220;Greater Toronto Area&#8221; or &#8220;Greater Toronto and Hamilton Area,&#8221; six mentions are in background information, two are actually &#8220;outside Toronto,&#8221; another two are in footnotes and one isContinue reading &quot;Budget 2008: Maybe Next Year&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/spacing.ca\/toronto\/2008\/03\/26\/budget-2008-maybe-next-year\/\" \/>\n<meta property=\"og:site_name\" content=\"Spacing Toronto\" \/>\n<meta property=\"article:published_time\" content=\"2008-03-26T17:50:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2013-01-21T20:06:21+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/farm1.static.flickr.com\/83\/242776750_8dab32c57f.jpg?v=0\" \/>\n<meta name=\"author\" content=\"Adam Chaleff-Freudenthaler\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Spacing\" \/>\n<meta name=\"twitter:site\" content=\"@Spacing\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Adam Chaleff-Freudenthaler\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/spacing.ca\/toronto\/2008\/03\/26\/budget-2008-maybe-next-year\/\",\"url\":\"https:\/\/spacing.ca\/toronto\/2008\/03\/26\/budget-2008-maybe-next-year\/\",\"name\":\"Budget 2008: Maybe Next Year - 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