Real estate boom brings Toronto budget surplus as high as $270-million

[mentalfloss]

Real estate boom brings Toronto budget surplus as high as $270-million

Fuelled largely by the city’s surging real estate market, the city of Toronto is anticipating its 2011 budget surplus will be as high as $270-million — almost double the $140-million the city had forecast in October.

In a letter to city staff, Mayor Rob Ford praised the “countless hours of hard work” they had put towards finding savings. “The 2011 year-end financials that will become public on Monday make it crystal clear that your hard work has paid off to benefit all who live and do business in this great city,” he wrote.

The money will reportedly be used to pay outstanding debts on a $750-million order to replace the TTC streetcar fleet.

Much of the unexpected surplus comes from land transfer tax revenue, which has surged amid the city’s condo boom.

Toronto budget surplus could hit $270-million, nearly doubling forecast | Posted Toronto | National Post

 

[IdRatherBeSkiing]

A surplus? It's not Miller Time!

 

[mentalfloss]

A surplus? It's not Miller Time!

Actually, this surplus is Miller time, lol

 

[CDNBear]

Actually, this surplus is Miller time, lol

If you ignore the cut backs.

Miller gained surpluses through taxation, Ford aided gains in the surplus figures, by cutting back.

I know you won't thank him for his effort.

 

[wulfie68]

If you ignore the cut backs.

Miller gained surpluses through taxation, Ford aided gains in the surplus figures, by cutting back.

I know you won't thank him for his effort.

But Rob Ford is teh worstest mayor of anywhere EVAR!!!!!!!

 

[CDNBear]

But Rob Ford is teh worstest mayor of anywhere EVAR!!!!!!!

And he's FAT!

 

[Locutus]

When His Phat Worship makes it past the fall pitchforks and torches tournament, there may be a goodly number of plebes ready to stroke out.

Man, are they gonna be mad. ;-)

 

[CDNBear]

Man, are they gonna be mad. ;-)

I predict more whining, crying, and fat jokes from the Usual Suspect.

 

[mentalfloss]

 

[CDNBear]

...

The fact that you just can't give kudos to anyone that isn't a Dipper aside. Does unexpected mean the same as surprise? Just so we can nail down the discrepancy between the OP and you latest post.

 

[Nuggler]

And he's FAT!

He's FUKKIN fat!!!

It's unbelievable he hasn't had a heart attack yet.

He's fatter than me!!!

Way way

 

[CDNBear]

He's FUKKIN fat!!!

It's unbelievable he hasn't had a heart attack yet.

He's fatter than me!!!

Way way

I was being sarcastic. The Usual Suspect has lamely made Fords weight a political talking point.

 

[SLM]

I was being sarcastic.

Did you have a sargasm? Was it a big one? Lol

The Usual Suspect has lamely made Fords weight a political talking point.

Like Harpers hair, so vitally important to the nation as a whole.

 

[CDNBear]

Did you have a sargasm? Was it a big one? Lol

It was just a little s.

Like Harpers hair, so vitally important to the nation as a whole.

Terribly, terribly important to the nation, especially on the world stage.

 

[SLM]

It was just a little s.

I'll work on that. Lol.

Terribly, terribly important to the nation, especially on the world stage.

Oh so very. Lego man hair, enough said. Let's move it along people. Nothing more to see here.

 

[IdRatherBeSkiing]

I was being sarcastic. The Usual Suspect has lamely made Fords weight a political talking point.

Well it should have been in purple for the sarcastically challenged then.

 

[CDNBear]

Well it should have been in purple for the sarcastically challenged then.

My bad, I offer my humblest apologies.