More than $83 million will be slashed from Toronto's annual budget, and many, including the mayor, predict a sharp cut to services and the city's general quality of life.
"[S]ervice reductions will become the norm in Toronto as a result of city manager Shirley Hoy's 'cost containment' strategy, which trims $34 million from the city's operating budget this year and for 2008 will slash $83 million, far short of the money needed to deal with the city's projected $575 million shortfall next year."
"A subdued looking Mayor David Miller told a news conference at City Hall that the changes are unavoidable given the city's fiscal crisis."
"'All of these things are a diminution of the quality of life in Toronto, and from my perspective that's why it was so important to try and avoid this day,' the mayor said."
FULL STORY: City cuts quality of life
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Using Old Oil and Gas Wells for Green Energy Storage
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