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Toronto, Feb 28 (Canadian-Media): The 2018 federal budget addressed many of the pressing issues such as investment in housing, child care, poverty reduction, skills, equity and innovation, and public safety, media reports said.
Toronto Mayor John Tory issued the following statement on the 2018 federal budget:
"The 2018 federal budget addresses many of the pressing issues we are facing here in Toronto.
Housing, transit, inclusion, opportunity and innovation are all key priorities for the success of Toronto and the wellbeing of our residents. When Toronto succeeds in these areas, Canada succeeds.
I want to thank Prime Minister Justin Trudeau and Finance Minister Bill Morneau for delivering a budget that invests in housing, child care, poverty reduction, skills, equity and innovation, and public safety. We look forward to seeing more details about the impacts of this budget in the coming days and to continuing our work with the federal government to address the realities faced by large cities across Canada.
As the biggest and most-diverse city in the country, the federal government's commitment to improving equity, inclusion, affordability, and education will have a positive impact for our residents and our success as Canada's economic engine.
By pledging an additional $1.25 billion in loans to the Rental Construction Financing Initiative over the next three years, the budget will help create more rental housing right here in Toronto and will help us to keep the city affordable.
I'm glad to see the budget reiterates the federal government's commitment that a substantial portion of revenue from the legalization of marijuana should go towards municipalities. As I have said many times, cities are on the front lines of legalization and must receive the resources to contend with its realities. We must be kept whole.
Also, I welcome the commitment to invest millions to help address the opioid crisis including funding for treatment and addictions programs.
Finally, the 2018 budget continues the transit and housing infrastructure investments made in the past two federal budgets. I look forward to continuing discussions with the provincial government ahead of the next Ontario budget on how they can match the federal government's investments to help maximize our progress on building Toronto's transit network plan including the Relief Line, waterfront transit, and the Eglinton East LRT."