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* * City of Toronto 2002 budget information *
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* * Toronto City Hall
* City Council protects services in 2002 Capital and Operating Budgets

Toronto City Council wrapped up its final 2002 budget session approving a $6.2 billion operating budget and $954 million capital budget for a total of about $7.2 billion. Council also lowered the tax increase to Toronto homeowners to 4.3 per cent from the 4.6 per cent cap passed earlier in the week.

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* * City budget news *
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* * Behind the numbers
Between 1992 and 2001 provincial and federal revenues rose dramatically. Since 1992, federal revenues have increased by 45 per cent and provincial revenues by 53 per cent. During that same period, the City of Toronto's revenues have increased by only 6 per cent. Despite this, Toronto taxpayers contribute approximately $4 billion a year more in provincial and federal taxes than they receive in spending from those orders of government.

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City Budget 2002
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Mayor Lastman * Mayor Mel Lastman
March 4 speech to City Council
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Budget Chief, Councillor David Shiner * Budget Chief
Letter to Minister of Finance Paul Martin
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Toronto's neighbourhoods * Municipal taxes
Why is Toronto facing a tax increase?
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Downtown Toronto * Unleash our potential
Stronger cities, stronger Canada
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Highlights
green bullet Approved 2002 Capital Budget
green bullet Approved 2002 Operating Budget
green bullet Final budget news release
green bullet Financial sustainability and City debt
green bullet Transit investment a priority
 
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