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By A Smith (anonymous) | Posted June 19, 2011 at 14:11:45 in reply to Comment 64963
According to the 2009 City of Toronto annual report...
Population: 2.755M
Financial Assets: $6.73B
Total Liabilities: $10.56B
Net Assets: -$3.83B (- $1,390 per resident)
Hamilton
Population: 525.7K
Financial Assets: $1.17B
Total Liabilities: $998.1M
Net Assets: $169.97M ($323 per resident)
If Hamilton had the same debt per person as Toronto, it would amount to an additional $900M. LRT is estimated to cost $800M.
Just spend the money already and stop whining.
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