Economic Issues in the City of Toronto

Paper Summary:

This paper discusses the key economic issues that are facing the city of Toronto. It examines municipal spending and the city's sources of income. The paper suggests that something substantial must be done to cut down on municipal spending - preferably by improving efficiency and accountability guidelines. The paper concludes by providing some practical recommendations to the Mayor.

From the Paper:

"The most important recommendation of all, however, is tied to helping the poor help themselves. This process will cut down on the need for heavy public subsidies of poor individuals insofar as men and women who are taught new skills can pursue new job opportunities in the marketplace. Additionally, money put towards job re-training programs should gradually replace social welfare outlays - not least of all because this is a more productive use of public funds and will cut down on expenses in the future. In pursuit of this educational objective, it is suggested that social welfare recipients in Toronto must indicate that they are taking educational courses for job re-training if they are to be eligible for certain types of public assistance. If we could do only one thing, job re-training would be the most important thing."

Sample of Sources Used:

• CCN Matthews: News Distribution Experts. "Toronto Budget Underlines 'Serious' Problems." CCN Matthews: News Release. 26 Mar. 2007. CCN Matthews. 1 Apr. 2007 <http://www.ccnmatthews.com/news/releases/show.jsp?action=showRelease&searchText=false&showText=all&actionFor=642357>
• "Drowning in Poverty." Times Educational Supplement 22 Apr. 2005: 23.
• "Too many are blind to crisis: Eggleton." Toronto Star 31 Jan. 2007: A06.
• Moberg, David. "Chicago: to be or not to be a global city." World Policy Journal, 14.1 (1997): 71-86.
• O'Brien Caughy, Margaret, Patricia O'Campo, and Anne E. Brodsky. "Neighborhoods, Families, and Children: Implications for Policy and Practice." Journal of Community Psychology, 27.5 (1999): 615-633.

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