The reports will also make clear, sources say, that a yearlong push to privatize Toronto Hydro is dead. Toronto Mayor John Tory is set to endorse a controversial introduction of road tolls on the Gardiner Expressway and Don Valley Parkway to raise $300 million a year for his cash-starved government, the Star has learned. It was unclear when or how Tory, who plans to run for re-election in 2018, will propose road tolls be introduced. Tory plan to stake his political future on tolls comes as another controversial revenue-generation proposal, selling a sizeable portion of Toronto Hydro, is yanked off the table. Sources with knowledge of the plan say council would transfer the $200 million from a city capital reserve fund to Hydro.

Source: thestar November 24, 2016 02:51 UTC