For me, the worst financial impact of Ford on the city will be the massive increase in wage costs at the TPS.
http://www.theglobeandmail.com/news...-vote-for-11-per-cent-pay-hike/article580989/
By the time the 11% increase of the latest contract is fully in place in 2015, the average cost before benefits of a 1st class TPS officer will be over $75K annually. At this rate of increase, by 2020, the average TPS officer will be making more than double the average Canadian full-time wage.
In NYC, the average police officer costs $43,000 before benefits. Imagine how many more police Toronto could hire if we paid like NY's finest. Or, how much we could save if paid the same force size the NYC cost.
If Rob Ford was truly a fiscal conservative, he would have led a roll back, not increase in TPS costs.