Sue-Ann Levy writes at the Toronto Sun:
I sure hope Pride‘s organizers are proud of themselves.
The organization’s 2017 audited financial statements — on the agenda of Wednesday’s Annual General Meeting (AGM) — show Pride Toronto likely took a major financial hit this year over the controversial decision to ban cops from marching in the June 25 parade.
The statements show the organization lost a whopping $1.3 million and was forced to eat up all of its $848,124 surplus — accumulated over the past several years — to bring the deficit down to a still problematic $458,209.
A review of Pride’s financial statements for the past seven years shows that the only time it came even close to running such a deficit was in 2010 — during yet another controversy over the existence of Queers Against Israeli Apartheid (QuAIA) in the parade. That year they lost $431,808 and used their rainy day funds to bring the deficit down to $109,409.
