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: 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.

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.

Budget 2018

The 2018 Budget website includes the budget presentations, budget schedule, media releases, fact sheets and Budget Notes for each City Program and Agency as well as infographics and animation educational videos. Visit www.toronto.ca/budget2018.

You can find various materials and publications to learn more about the City budget and the budget process. They include the Preliminary Budget Overview and three Budget Basics publications which can be found here: https://www.toronto.ca/city-government/budget-finances/city-budget/basic-basics/.

Toronto Island flood repairs to cost $7.4M

BY NEWS STAFF

POSTED JAN 10, 2018 6:44 PM EST

Repairing the damage from the flooding in Toronto last year will cost $7.4 million — most of which the city will defer until at least 2019. That means when you set foot back on the Toronto Islands in a few months, it won’t be fully back to normal. Melting snow and intense rain last spring caused the worst flooding

Toronto's budget $5M short on repair money for spring flood damage

""That's not good enough," said Coun. Paula Fletcher...She'll be asking questions about why the full $7 million isn't in this year's budget...[and] push for the entire amount — money documents say would be spent on everything from repairing paths to adding permanent water pumps on Toronto's islands — to be included in this year's financial plans."

Budget Subcommittees - Public Presentations on the 2018 Capital and Operating Budgets

The Budget Subcommittees will hear Public Presentations on the 2018 Capital and Operating Budgets at the locations and times listed below.

Members of the public may register to speak at one of these meetings by emailing [email protected] or by calling 416-392-4666, indicating the specific location and time.

Visit toronto.ca/budget2018 for further information on the Budget.

Residents invited to join discussion about Toronto’s 2017 budget

Residents invited to join discussion about Toronto’s 2017 budget. The City of Toronto's Budget Committee will hear public presentations on the preliminary 2017 tax supported budgets next week. Members of the public can make a presentation at sub-committee meetings on January 5, 9 or 10 at locations across the city. Two sessions will be held at each of the six locations listed below.Torontonians who want to share their views on the budget are asked to register by emailing [email protected] or by calling 416-392-4666