The city should close libraries and city-owned theatres outright and consider turning over operation of the Toronto Zoo to a non-profit corporation, according to the latest core service review.

The eighth and final report on expendable city services from KPMG calls for large scale privatization of city services and the sale of many city assets.

The review was released this morning and is part of an overarching strategy by Mayor Rob Ford to find innovative ways to tackle a reported $774 million deficit.

Here are some of the highlights.

Toronto Police Service

Reduce the size of the service through attrition.

Reduce the size of the service through budgetary means such as reducing temporary hiring or providing incentives for early retirement.

Reduce bylaw enforcement and parking enforcement.

Consider options for delivery of call taking and dispatch such as combining fire, ambulance and police.

TTC

Consider use of contractors for some TTC services.

Consider rolling back some of the service improvements from the Ridership Growth Strategy.

Cut late-night buses.

Toronto Parking Authority

Sell off street parking facilities.

Implement a pay by cell parking system

Affordable housing

Consider eliminating housing improvement loan program.

Consider a stronger consolidation of housing and homelessness planning and program delivery.

Toronto Zoo

Restructure as a self-supporting non-profit corporation.

Libraries

Close branches

Reduce hours

Exhibition Place

Consider integarting with Ontario Place.

Consider selling city interest.