City services impact your life every day. Each time you visit a recreation centre, borrow a book from the library, have your garbage or recycling picked up, drink clean water from the tap, ride the TTC or have emergency services rush to your aid – you are using a City of Toronto service.
That’s why the city’s budget is so important – it’s about setting our collective goals and building a great city. It determines the level of service provided to Toronto residents and guides decisions on what city infrastructure will be purchased, built and repaired.
Learn more about the city's budget and finances.
2025 Budget: Investing in the Services & Infrastructure We Rely On
The 2025 City Budget was approved at a special meeting of City Council in February 2025.
It includes investments to feed more children, freeze TTC fares while improving transit service, extend open hours for pools, libraries and other city services, build more homes, support tenants, including those facing illegal evictions and hiring more first responders to make Toronto safer.
This year's budget is comprised of an $18.8 billion operating budget and historic $59.6 billion in capital investments over 10 years.
Together, these two components deliver critical investments in the services Toronto-Danforth residents have told me they rely on.
It also helps fix the damage caused by years of under-investment and irresponsible financial decisions of previous administrations.
I was pleased to see so many Torontonians get involved in the budget process this year. Over 12,000 residents participated in the October 2024 consultations, telephone town halls and other events like my Budget Town Hall, ensuring the budget reflected their needs and priorities.
I was proud to stand at Council in support of the budget and Mayor Chow's work of building a more affordable, caring and safe Toronto.
Read my February 2025 update for more on this year's budget.
2025 Budget Town Hall
My 2025 Budget Town Hall took place on February 3rd, 2025.
I was joined by Mayor Chow, Budget Committee Chair Shelley Carroll and Althea Hutchinson from the City of Toronto to help walk attendees through the proposed budget, answer questions and hear their feedback.
View the presentation slides and recording.
Thank you to all those who participated!
2024 Budget: Getting Toronto Back on Track
City Council adopted the 2024 City Budget at a special budget meeting on February 14th, 2024.
This is Mayor Chow's first budget. It makes historic investments in housing, support for tenants, transit and puts us on a path toward a more affordable, caring and safe Toronto.
A record number of Toronto residents participated in the budget this year. The city received 16,000 surveys responses and 38,000 people joined Mayor Chow on her telephone budget town halls.
Many also attended local budget meetings, including my budget town hall in January 2024 with Mayor Chow and Councillor Shelley Carroll, the Budget Committee Chair.
The budget also contains significant measures to address the $1.8 billion budget deficit Mayor Chow inherited from her predecessor and get the city back on track after years of decline, underinvestment and pandemic-induced pressures on city services.
I'm proud to have supported the game-changing investments in Mayor Chow's budget to protect and improve the services we rely on.
Read my update on the 2024 City Budget to learn more.
