Toronto's $2.8-billion Doomsday Clock is ticking (The Globe and Mail)

Reprinted from The Globe and Mail, October 3rd, 2009:

“Councillor Mike Del Grande, an accountant by training, calls [the city's benefit liability] a 'ticking time-bomb.' He argues that while everyone gets excited about the mayor and the $200-million, they are missing the real story: The city’s failure to grapple with its soaring liabilities.”

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