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City of Torontos' long-term fiscal plan.(Government Finance Officers Association's Award for Excellence in Government Finance )
Editor's note: In 2006, the City of Toronto received GFOA's Award for Excellence in Government Finance in the budgeting and financial planning category for its long-term fiscal plan.
Much has been said about a government's need for a long-term financial plan, particularly in this era of constant political change. In this article the process leading up to the establishment of the City of Toronto's plan will be discussed, along with what the plan entails, the outcomes, and some lessons learned.
FINANCIAL BACKGROUND ON TORONTO
The City of Toronto is Canada's largest municipality with a population of 2.6 million. It is located at the core of a ...
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Source: HighBeam Research, City of Torontos' long-term fiscal plan.(Government Finance Officers...