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article imagePantalone unveils 'Sustainable City Budget' for Toronto

By Andrew Moran     Oct 14, 2010 in Politics
Toronto - Third-place Toronto mayoral candidate, Joe Pantalone, has unveiled his 2011 balanced budget, which also includes a 2.5 percent property tax hike. The deputy mayor has vowed to stay in the race until the end.
Despite his low polling numbers, Toronto deputy mayor and mayoral candidate, Joe Pantalone, has promised he will be in the race for mayor until the end.
On Thursday, the day after Rocco Rossi officially ended his bid for mayor, Pantalone announced his “Sustainable City Budget” plan.
The balanced budget includes a 2.5 percent property tax hike (2.5 percent for residential and 0.833 percent for commercial).
Pantalone said a projected $180-million surplus in 2010, plus land sales and efficiencies, would make it possible for him to balance the budget. He will also give a break to the provincial government on transit funding but will seek more resources in 2012.
“There’s three remaining candidates and two visions,” said Pantalone, reports the Globe and Mail. “As a matter of fact, I can’t tell you how much people are telling me, ‘thank god you’re there Joe. We fear for our city with those two.’”
Pantalone said mayoral candidates Rob Ford and George Smitherman say “we cannot afford to be the city we are and want to be," a statement with which he disagrees.
More about Joe pantalone, Budget, Toronto election
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