As I reported yesterday, the additional cash that Dalton McGuinty has coughed up "for the TTC" is the package that the City was waiting for to balance its budget.
In addition, there seem to be promises that -- while not a full 2 cents per litre -- this budget will include some gas tax money for municipalities, including $20-million for Toronto.
The source for the above is a Globe and Mail article that quotes Budget Chief David Soknacki saying things are nearly wrapped up.
The $344-million shortfall is being closed as follows:
That only adds up to $327-million, but I may have missed something. The point is, we're almost there, and we're getting there in a way not very different from what was originally hoped for.
However, it is important to keep a few things in mind:
So, it is nice to balance this year's budget, but we ultimately need a New Deal in Ontario.