Toronto Board of Trade

Toronto Board of Trade

March 19, 2007 12:54 ET

Budget Week For Toronto - Will We Get What's Needed?

Three budgets in seven days key to City and its business community

Attention: Business/Financial Editor, City Editor, News Editor, Government/Political Affairs Editor TORONTO, ONTARIO--(CCNMatthews - March 19, 2007) - The Toronto Board of Trade says it's 'budget week' for Toronto, with three budgets in seven days that are vital to the City and its business community.

"We have all three levels of government presenting budgets over the next week," Board President & CEO Carol Wilding points out. "This is an historic opportunity for all three to live up to their responsibilities to Toronto. Together, they can help build a better city and a stronger business climate for Canada's economic engine."

The Board of Trade is looking for the following actions during budget week:

-- The federal government should use its budget to create and fund a national transit strategy and provide tax reductions that strengthen Toronto's economy
-- The provincial government should use its budget to end unfair downloading of costs on Toronto and bring fairness to provincial business property taxes
-- The city government should use its budget to control its costs and help build a more attractive business climate that will strengthen Toronto's economy

Wilding notes that all levels of government and all Canadians would benefit from a stronger Toronto, which contributes an estimated $40 billion a year in tax money to the provincial and federal governments.

"This week will demonstrate whether our political leaders 'get it' - if they understand that all levels of government have contributed to Toronto's ongoing economic and financial problems and have an obligation to help meet those challenges."

The Toronto Board of Trade is the champion of a competitive and vibrant Toronto with a mandate to serve, represent and unite the city's business community. Founded in 1845, Canada's largest chamber of commerce operates at five locations across Toronto. Further information about Board events, policies, advocacy and products is available on its website at www.bot.com. Further commentary from Board executives is available on the Board Blog at www.bot.com/blog.
/For further information: www.bot.com/media/ IN: ECONOMY, FINANCE, POLITICS

Contact Information

  • Glen Stone, Public Affairs Manager, Toronto Board of Trade
    Primary Phone: 416-862-4565
    Secondary Phone: 416-998-9458
    E-mail: gstone@bot.com