Discussion posted by: IRWeasel
The Bank of Toronto has $258-million in loans outstanding, the Toronto Sun has learned. I’m not talking about debt raised by City Hall to pay for infrastructure and the basics of running a city. These are loans given by the city to various and sundry groups on the “A” (approved) list — meaning those who meet council’s pet agendas. I discovered this Friday while reading a report on the agenda of next week’s Budget Advisory Committee related to the city’s reserve funds. Buried in that report is a four-page list of loans outstanding to the City of Toronto.