May 25, 2023 in Announcements

Furey Pledges Sweeping Value-for-Money Audit at City Hall

Furey Pledges Sweeping Value-for-Money Audit at City Hall

Top-to-bottom review of spending, other measures, would refocus funds on basics – not wasteful pet projects

NEWS – May 25, 2023

TORONTO – Mayoral Candidate Anthony Furey today vowed a comprehensive audit of City Hall finances to find out where hard-pressed taxpayers’ money is going – and where it could be better spent.

“With a $16.2 billion operating budget this year[1], a re-think of our spending priorities would allow more room for the essentials, like public safety, transit improvements and affordability,” Furey said.

Furey’s strategy for re-prioritizing City spending, raising revenues and ending waste includes:

  • a top-to-bottom audit of City Hall’s books
  • a hiring freeze on non-core services City Hall staff
  • an end to costly closed tendering for municipal contracts
  • exploring revenue collection from the Greater Toronto Airports Authority
  • seeking a carbon tax rebate from the federal government for City gas costs
  • reviewing post-secondary education requirements for all City jobs where appropriate, such as gardening positions
  • suing Metrolinx for breach of contract and damages incurred by the City over the Eglinton Crosstown project

“Tapped-out Toronto taxpayers have had enough, Furey said. “Yet we still see frivolous spending like re-naming Dundas Street (minimum $4 million)[2] and disruptive bike lanes (est. $20 million annually)[3].”

“It’s time to clean up the books and get our priorities straight, if we hope to help the City we love back on its feet.”


Mike Bendixen | Senior Media Advisor
The Anthony Furey for Mayor Campaign
Telephone: 416-951-6397

Furey: We Can Fix This!

The Issue: Wasteful spending at City Hall… while the basics go under-funded

Here’s what’s wrong with the way things are:

Just one big-ticket example: According to a recent essay by the non-partisan think tank Cardus in the Toronto Sun[4], City Hall forfeits hundreds of millions of dollars every year by limiting construction tendering competition to a handful of favoured unions.

When neighbouring Hamilton, by contrast, opened its tendering to all qualified bidders, it found average cost savings of 21 per cent. Apply that ratio to Toronto, and the city would net $350 million in savings every year.

This alone, Cardus estimates, is “more than enough for hundreds of new police officers and mental health managers, as well as new police stations and building twice as much housing and shelters.”

Here’s what I’m going to do to fix it:

There are many such examples – big and small – of potential cost savings at City Hall. A complete, independent audit will find plenty more. A hiring freeze for non-core service city workers would be another area for significant savings.

Then there are the obvious, high-profile targets of wasteful spending (see previous) I will put an end to right away as Mayor. But we’ve got to get serious about how Toronto spends taxpayers’ money at a time when so many are struggling to find housing and put food on the table.

This will be the top priority of a Furey Administration.

Here’s what the benefits will be for the people of Toronto:

More money for the basics. A healthier, safer and more vibrant Toronto. And most important – Restored taxpayer trust in City Hall.

[1] Source: The Globe and Mail: Toronto’s projected budget shortfall is $1.4 billion – January 10, 2023

[2] Source: City to take a second look at renaming Dundas St.? – The Toronto Sun, January 15, 2023

[3] Source: dailyhive – Toronto looking to build 100 km of brand new bike lanes across the city (from 2022 to 2024) – December 7, 2021

[4] Source: OPINION: Toronto needs to stop overpaying for its construction contracts – The Toronto Sun, May 19, 20234