Ford government cuts will blow $2-billion hole in municipal budgets, Moody's warns - 2019-06-27

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F182.png Ford government cuts will blow $2-billion hole in municipal budgets, Moody's warns June 27, 2019, Michael Smee, CBC News

Ontario municipalities should brace for a $2-billion shock in the decade ahead, as cuts in provincial transfers sink in, according to the credit rating service Moody's.

The warning comes in a report released last week, and set to be presented at Peel Region's council meeting Thursday.

Peel and the other three Greater Toronto regional councils — Halton, York and Durham — are well-positioned to weather the storm, the report says, because they have the healthiest reserve funds.

Wikipedia cite:
{{cite news | first = Michael | last = Smee | title = Ford government cuts will blow $2-billion hole in municipal budgets, Moody's warns | url = https://www.cbc.ca/news/canada/toronto/ford-government-cuts-will-blow-2-billion-hole-in-municipal-budgets-moody-s-warns-1.5191709 | work = CBC News | date = June 27, 2019 | accessdate = June 28, 2019 }}