FUZZY FINANCES - CD HOWE FINANCIAL REPORT OF MUNICIPALITIES NOV. 28TH, 2017

Nov 28, 2017

By Michelle Saunders

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The City of Toronto has earned a barely passing C grade for its budgeting and public disclosure of financial data from the C.D. Howe Institute. But the good news is that’s up from an “F” last year. However, Toronto is not alone. The report called “Fuzzy Finances: Grading the Reports of Canada’s Municipalities” argues that almost all of Canada’s bigger municipal governments “obscure financial reports” with inconsistent presentations of key numbers. We speak with Benjamin Dachis, Associate Director of Research at CD Howe Institute and co-author of the report to learn more.

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