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news

Newsstand: June 5, 2013

Hello, today. You are the Wednesday of our dreams. In the news: a city surplus, boring under Eglinton, historical grass, what the weather will be like this summer, and Ford hires his radio producer.

illustration of a person walking across a slackline between a tree and a lamp post

Riding on increased revenue from the city’s land transfer tax, Toronto’s surplus from last year has hit $248 million. Another unexpected boon to Toronto’s bottom-line was, get this, the TTC. The commission was able to post finances showing an extra $41 million—numbers so thoroughly in the black because of lower fuel and electricity bills as well as an extra 11 million rides.

Today, two of a total four tunnel-boring machines are expected to launch into their journey deep below Eglinton Avenue. The machines will be digging the underground portion of the Crosstown LRT at a pace of 14 metres per day, with a completion date for the project set for 2020. There’s nothing boring about that.

City council will take it upon themselves to debate the value of turning a patch of grass at U of T into a patch of fake grass at U of T. More specifically, they will debate whether or not said grass has enough historic significance to receive a cultural heritage designation. If council decides that the field is indeed of significant cultural value, then the 2015 Pan Am and Parapan Am Games will need to orchestrate a new venue for Pan Am field hockey and Parapan Am soccer. Council is set to vote on June 11, and U of T is set to start construction on July 1.

Get your umbrellas and modest clothing ready, because both Environment Canada and the Weather Network are predicting a wet and mild summer this year.

Lastly, Rob Ford has hired another new staff member: Dan Jacobs, the Ford brothers’ radio producer. Jacobs brings deep municipal experience (he worked as a lifeguard and aquatics instructor over a decade ago) and will probably be loads of fun around the office (he has owned a DJ company for 18 years). We can only hope that the aforementioned DJing means awesome entrance music whenever Ford struts into chambers.

CORRECTION: June 5, 2013, 8:55 AM This post originally referred to Toronto’s 2012 budget surplus as an “all-time high.” In fact, the City has had bigger surpluses in previous years.

Comments

  • Dave Williams

    Kudo’s to Ford as his government policies have given the largest surplus in history, Attracting business back to the city does benefit everyone.

    • tyrannosaurus_rek

      A surplus is the sign of gouged taxpayers. Ford is a failure at fiscal accountability.

      • Steveinto

        A surplus is a sign of a good budget, responsible spending. Without one we go into deficit, kinda like what the Feds did, took a surplus and turned into the largest debt in Canadian history. With the current Toronto surplus shrinking in size indicates Fords budgeting will lead us into the financial cries he made up 2.5 years ago. Unfortunately it will probably happen after he has gone to a six figure job in the private sector on some conservative BOD

        • vampchick21

          Muncipalities in Ontario are not allowed to run a deficit by law. Also, a nice chunk of that surplus comes from the Land Transfer Tax that Ford wants to eliminate.

          • Brock

            And is your household ran with a deficit?

          • Zoom Slider

            Yes, economic laws are the same no matter what the scale. That’s why there’s no such thing as microeconomics and macroeconomics oh wait.

          • dsmithhfx

            Ranned.

        • tyrannosaurus_rek

          Psst: I know this. I was trolling the troll.

  • vampchick21

    Wha…..why on earth would Ford hire his radio producer to work in the Mayor’s office? Ok, so he’s lost 5 or so employees, many of whom had valid experience and knowledge of politics and communications and he’s replacing them with….interns, Dougs’s buddies and his radio producer? *facepalm*

    • Brock

      Maybe the man is actually qualified. Did you actually read his resume?

      • vampchick21

        Did you?

        • Brock

          I have not, but I also would not judge his qualifications unless I knew more about him.

      • dsmithhfx

        PAR-TAY!

      • The Ministry of Truth

        Hey if a guy working in the mail room of his dad’s company can become Prime Minister and run a G8 country then a crack addict can become mayor and run the largest city in a G8 country.

        Who are you to question the hires of a crack addict?