Please see the attached motion regarding financing the Bloor-Danforth subway extension in Scarborough that will be submitted to tomorrow’s Budget Committee meeting for consideration. The intent of this motion is to ensure that all relevant and factual information is provided to Council before increases to our city’s debt and property taxes are approved.
Regardless of whether or not this motion is supported at tomorrow’s Budget Committee meeting, it is my intention to move this at the Special Council meeting regarding the 2014 budget in January.
I believe that we must move forward with Toronto’s transit priorities. Before we ask residents to fund these projects, we must have complete financial information, cost certainly and all relevant planning information.