Tag: net variance or surplus of $99 million for the six-month period

Yesterday the media incorrectly reported that the City of Toronto’s 2013 surplus projection is $158.611 million. The correct amounts as reported by the City are as follows. A net variance or surplus of $99 million for the six-month period ended June 30, 2013. Projections indicate that the year-end net surplus is anticipated to be $58.544…