City Budget

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

The 2025 Budget process has begun!

There are many ways to make your voice heard.

Resident feedback from October 2024 consultations will be presented to the Budget Committee at its first meeting on January 13th, 2025 and will accompany the Budget Committee’s recommendations to the Mayor to inform her proposed budget which will be released by February 1st, 2025.

Visit the city's 2025 Budget webpage to learn more.

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 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 Budget to learn more.

Mayor Chow's Historic 2024 Budget Approved

City Council approved Mayor Olivia Chow's game-changing first budget this week.

Mayor Putting City Back on Track

Mayor Chow's first budget proposes historic investments to set us on a path toward a more affordable, caring and safe Toronto.

2023 Budget: Electric Vehicle Charging Update

City Council supported my motion to increase funding for EV charging locations on residential streets.

2023 Budget: Police Budget and Warming Centres Update

Mental health supports and investments in social services must be prioritized.

Read my Statement on Bill 39

The Ford government is introducing Bill 39 which gives Toronto mayors much more power. Read my response to the bill.

Update on Bill 23

The Ford government introduced Bill 23 which changes many of the City's planning rules. Read more about the bill and why I oppose it.

City of Toronto launches 2022 rate-supported budgets for public input

The City of Toronto’s 2022 staff-recommended rate-supported operating and capital budgets were launched at Budget Committee today. The City has three rate-supported programs funded through user fees: Toronto Water, Solid Waste Management Services and the Toronto Parking Authority (TPA).

City of Toronto launches 2021 tax-supported budgets

Today, the City of Toronto's Budget Committee began the process of reviewing the staff-recommended tax-supported operating and capital budgets for 2021. The budgets will be reviewed and debated by Budget and Executive Committees before being finalized and approved by City Council at its meeting on February 18.

The City has experienced significant financial impacts in the form of both added costs and revenue losses as a direct result of the COVID-19 pandemic. These impacts are expected to continue into 2021, with anticipated financial pressures of approximately $1.6 billion.

City Council approves 2021 rate-supported budgets with the largest annual capital investment in Toronto Water’s history

Toronto City Council has approved the 2021 rate-supported operating and capital budgets for Toronto Water, Toronto Parking Authority and Solid Waste Management Services. The approved budgets maintain current service levels and make critical investments in infrastructure while reducing planned rate increases to just 1.5 per cent.

The 2021 operating and capital budgets have been developed with the guiding principles of addressing financial challenges that have been created by COVID-19, prioritizing initiatives that will support economic restart and recovery efforts, and embedding equity by finding opportunities to make the city more fair and livable for those who live and work here.

City of Toronto launches 2021 rate-supported budgets

The 2021 staff-recommended rate-supported operating and capital budgets were launched at Budget Committee today. The City of Toronto has three rate-supported programs funded through user fees: Toronto Water, Solid Waste Management Services and the Toronto Parking Authority.

The City of Toronto, consistent with other large Canadian municipalities, has experienced significant financial impacts in the form of both added costs and revenue losses as a direct result of the COVID-19 pandemic. These unprecedented impacts are expected to continue into 2021, with anticipated financial pressures of approximately $1.8 billion.