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.
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.
