After several weeks of behind-the-scenes discussions between the Ontario and Toronto governments, amid various side-shows such as the Greenbelt scandal, the bribes for planning overrides, the potential destruction of both Ontario Place and the Science Centre, there is a deal, sort of.
In the immediate publicity after the announcement on November 27, the level of information varied depending on which document one read all the way from simple, enthusiastic political statements up to terms sheets and draft legislation.
Toronto comes out of this with a better fiscal situation, including some benefits for transit, but some battles are now over, conceded as part of the deal.
- Premier’s Office Press Release
- Terms of the New Deal
- Term Sheet Details
- Bill 154: New Deal for Toronto Act, 2023 which contains:
- Recovery Through Growth Act (City of Toronto), 2023
- Rebuilding Ontario Place Act, 2023
The Rebuilding Ontario Place Act has considerable detail on the redevelopment of Ontario Place, and it is clear that this was not pulled together at the last moment. Although the announcement speaks of design changes and makes passing reference to the Science Centre, neither of these is mentioned in the Act which confers substantial power on the Province to do anything it wants, and compels Toronto to stay out of the way.
The Recovery Through Growth Act, by contrast, is threadbare with only the most cursory provisions recognizing the discussions between Toronto and Ontario, and leaving the bulk of any details to Regulations that might be enacted by the Lieutenant Governor in Council (the Provincial Cabinet).
The new financial arrangements for Toronto extend only three years, roughly until after the next provincial and municipal elections, when the context of any renewal might be different. Meanwhile, the Province and City will “undertake a longer-term targeted review of the City’s finances to be completed by 2026”. [Detailed Term Sheet Cover Letter, p. 2]
Both parties expect added support from the federal government, although the dollar amounts and target projects vary between the City and Province.
The “core commitments” in the Detailed Terms begin with a recognition that housing and transportation are intertwined issues:
Toronto needs to expeditiously streamline and optimize planning approvals and accelerate the delivery of affordable, attainable, and rental housing across the continuum. As density is added, Toronto’s transit and city-enabling infrastructure needs to keep up. The upload of the Gardiner Expressway and the Don Valley Parkway will create significant additional capacity for the City to support building more homes faster in Toronto and across the GTHA.
The City commits to using immediate financial benefits as well as all future financial benefits of the upload (pending Provincial due diligence) to support historic investments in housing and the infrastructure that supports and enables growth such as transit, water and wastewater infrastructure, and local road improvements.
What is needed now from the City is an updated pro forma 2024 budget showing the effects of this agreement. This would inform consultation and debate now in progress leading into the budget cycle at Council.
On the transit front, the entire debate about service restoration and quality must be updated with a sense of the monies that will be available in coming years, and the possible targets Toronto can aim at depending on how much additional support is provided to the TTC.
The following sections are arranged by major topic area and are reordered from the Detailed Terms.
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