Toronto Mayor David Miller announced publicly with federal ministers John Baird and Jim Flaherty that the City of Toronto would be granted $200 Million to help stimulate the economy. The projects will preserve or create almost an estimated 7000 jobs.The money will go toward over 500 projects across the city, including:
- Eliminating lead from the water supply, replacing aging water mains
- Build & improve trails and paths in city parks
- Improve transit system to Pape, Dufferin, Warden, and Victoria Park stations
- Repairing Steeles Ave.
- Repairs in Hospitals, Police stations, and other civic buildings
I think that this use of federal money is a much better than using it in a stimulus plan, which only helps in stimulating a certain industry with hopes that it triggers a country-wide rise. This plan instead helps the entire city of Toronto, employing thousands of people in order to fix Toronto's problems, stimulating the economy while at the same time helping make Toronto a better place to live. However, they could improve on this by also granting the provincial governments of all of the other provinces a similar amount, or sharing one sum across several less developed provinces, in order to finance Canada as a whole instead of only financing one large city.
Article courtesy of The Toronto Star: http://thestar.com/news/gta/article/694225
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