Finance Minister Questioned Over $140 Million Protect Ontario Spending
Opposition MPPs questioned Finance Minister Peter Bethlenfalvy about the $140 million spent by the Protect Ontario tariff program, asking for details on its deployment.
Tag
#Finance
17 storiesnewest firstlatest September 30, 2026
Council Raises Borrowing Vote Threshold, Risks Fourth Veto
The council approved a rule shifting borrowing approval to a three‑fifths vote, increasing the threshold to 30 votes. The measure, aimed at limiting debt, could lead to a fourth veto by Mayor Brandon Johnson.
Brookhaven Mayor Highlights Strong Finances at City‑Center Luncheon
Mayor John Park told about 120 attendees at a Brookhaven Chamber of Commerce luncheon that the city’s finances are solid and progress continues under the "Better Together" theme.
Finance Committee Greenlights $2.53 B Parking Meter Sale
Chicago's Finance Committee approved Stonepeak Partners' $2.53 billion bid for the city's parking meters, adding measures to reduce taxpayer costs and addressing prior criticism of the lease.
Chicago Council Delays Vote on Higher Borrowing Threshold
Mayor Brandon Johnson's allies temporarily blocked a Chicago City Council ordinance that would have required a three‑fifths vote to approve future borrowing, citing the city's high pension and debt costs that consume about 40 percent of its operating budget.
Council Committee Raises Borrowing Vote Threshold
Chicago’s finance committee voted to raise the borrowing approval threshold from 26 votes to 34, requiring a two‑thirds majority and making new debt harder to approve.
Budget Chair Flags $882 Million Deficit, Weighs Pensions and Taxes
Chicago’s budget chair warned of an $882 million shortfall, citing pension costs and potential tax measures as key issues, and announced upcoming council deliberations to address the deficit.
Gov. Shapiro Unveils $100 Million Plan for Chester
Governor Josh Shapiro announced a $100 million investment for Chester on September 10, 2026, aimed at relieving the city’s cash shortage amid severe budget shortfalls.
Jersey City Council Approves $886M Budget, Property Taxes Up 15%
On August 26, 2026, Jersey City City Council approved an $886 million budget and a 15% property tax increase to address a fiscal shortfall and ongoing financial crisis.
Canada and India Finance Ministers Meet in Toronto
Canada’s finance minister François-Philippe Champagne met with India’s finance minister in Toronto on August 27 to advance ongoing diplomatic and economic discussions between the two countries.
Quebec Auditor General's Report Links New Budget to Past Plans
The Quebec Auditor General’s August 17 report compares the current fiscal plan to budgets from the Couillard‑Leitão era, noting that required measures may affect public services. The review aims to provide a historical benchmark for policymakers as they evaluate the province’s financial direction.
Mayor's First NYC Budget Praised for Transparency, Deficit Noted
Mayor Zohran Mamdani's first New York City budget was praised for its transparency but officials warned that a spending‑revenue gap remains unresolved.
Aldermen Claim Bally's Delays $1.7B Casino Over Terminal Dispute
Twenty‑eight Chicago aldermen accuse Bally's of delaying its $1.7 billion River West casino by citing a video‑gambling terminal dispute, amid city debates over a corporate head tax and alternative financing.
Saratoga Springs Faces Fiscal Challenge Over Budget Shortfalls
Saratoga Springs disclosed on July 30, 2026 that years of budgeting errors have created a deficit, depleting reserves and affecting city services. Former finance commissioner Minita Sanghvi noted the need for more accurate revenue and expense projections to restore fiscal stability.
Montreal Leaders Back Downtown Site for New Defence Bank
Montreal's business leaders are supporting a plan to turn a downtown development into the Defence, Security and Resilience Bank's headquarters, aiming to strengthen the city's bid for the institution. City officials see the repurposed site as a key element in attracting the bank.
Quebec Cuts 2025‑26 Deficit Projection by Half
Quebec’s projected deficit for 2025‑26 has been lowered to $7.2 billion from an earlier $13.6 billion estimate, according to a new financial report.
Quebec Cuts 2025‑26 Deficit to $7.2 B
Quebec’s latest financial report cuts the projected 2025‑26 deficit to $7.2 billion, down from the earlier $13.6 billion estimate.
