Premier Doug Ford says he agrees that the City of Toronto needs a “new deal” for ongoing funding after holding a meeting with Toronto Mayor Olivia Chow Monday, but says he’s not in favour of any new taxes that would help Toronto dig itself out of a fiscal hole.
Ford and Chow held a meeting at Queen’s Park Monday in their first substantive meeting since Chow took office earlier this summer.
Following the meeting, the two said they had agreed to establish a “new-deal working group with a mandate to achieve long-term stability and sustainability of Toronto’s finances.”
