Pride Toronto lands in the red — highest deficit in years and cop ban likely to blame

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.

Tax Payers should not be forced to subsidize this unnecessary display.