is that doug ford doing a line by line audit?
a right-wing liberal concerned about "fiscal accountability"?
no, it's the supposedly left-wing olivia chow, pulling the usual switcheroo on toronto voters, who once again got suckered by the ndp and are in the process of bracing for an upcoming austerity budget.
if it was doug ford, he'd just call his favourite banker up to ask for more debt, then make sure his family owns shares in the bank. but, municipalities should have access to public debt, and should have a mechanism in which the province takes over.
in canada, the province has total control over the municipality which is a "creature of statute". yet, the city is on it's own for debt, somehow. that's a contradiction that needs to be resolved. if the province wants control over the city, it should take control of the debt; if it wants the city to take on it's own debt, it should change the legislative framework around incorporation so that it is more fully autonomous and can go to the bank of canada directly.