Economy

Our city was born on the Forks of the Thames. The future of London will be reborn from the forks, revitalizing our core and welcoming neighbourhood communities.

A key component to Urban Health is a secure, stable, and growing economy. Taxpayers deserve transparency and accountability. Despite London’s multi-year budget process, intended to give taxpayers a better idea of what to expect when it comes to municipal taxes, the past four annual city budgets have come in over the rate of inflation.

We continually ask how best to spend the money that we have. We are slicing the pie and making difficult decisions on which city services are more deserving than others, rather than asking “how do we generate more revenues in the first place?”

For our city to thrive it is imperative that revenues grow. The London Plan speaks of inward and upward development. We need a plan to replace the boarded-up storefronts in our city centre with local and vibrant small businesses. As we look to future development in our city, we need to develop a better framework to reduce the tension that has always existed between preservation and development.

The downtown and surrounding neighbourhoods should lead the way by reimagining a post-pandemic recovery strategy that includes:

  • The addition of a Core Area Economic Development Manager
  • Recognizing Downtown as the newest neighbourhood in the oldest part of the city
  • Revisiting our current Downtown boundaries to ensure it meets the needs of a growing city
  • Ensuring that Community Benefit Agreements become an integral part of the planning process
  • Facilitating proactive engagement between all stakeholders on infill development
  • Streamlining City Hall processes to become more customer focused
  • Building Community Financial Impacts into our decision making process