Is it bad for cities to be in debt? Not necessarilyAugust 16, 2011
With all the talk of government debt recently — Toronto, $4.7 billion; Ontario, $240 billion; the U.S., $14.6 trillion — the spectacular figures and the concept of debt itself have become so abstract many people don’t even understand the conversation. The Toronto Star recently spoke with Dr. Enid Slack, director of the University of Toronto’s Institute on Municipal Finance and Governance, Ryerson urban planning professor and municipal finance expert David Amborski and senior staff in the City of Toronto’s finance department to answer the ABC’s of how municipal debt works.
To read the Star article, click here