On March 1st, 2005 ,Toronto City Council approved the City's annual Operating and Capital budgets.
For 2005, a City budget of $7.1 billion Operating and $1.0 billion Capital provides funding for a "Clean and Beautiful City", along with improvements to the City's transit system.
For a profile of the 2005 Budget, go to News Releases. The Budget Backgrounders contain highlights of the 2005 Operating and Capital Budgets.
This interactive program allows you to electronically make financial choices within the proposed 2005 budget. It's a visually enhanced environment where you set your own budget for the City and see the impact on residential property taxes.
Service Impacts on Reducing Provincial Cost-Sharing The impact of the provincial funding cap on cost-shared programs and increasing provincial program costs is placing an estimated $72.3 million shortfall on the City's 2005 budget.
