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2013 | 2012 |2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998


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2013 Budget

City Council approved a gross Operating Budget of $10.858 billion and $3.713 billion net for 2013; and a 2013 - 2022 Capital Budget and Plan of $24.473 billion.

The challenges faced in 2013 included eliminating an opening operating budget pressure of $465 million, reducing its reliance on one-time/unsustainable revenues to balance the budget, bringing spending in line with revenue growth and moderating capital financing pressures.

As part of its balancing strategy to address the operating budget pressure, the City reduced spending through savings achieved from implementing service efficiency measures and cost reductions while maintaining core services that residents value. The City also maximized revenue sources, reduced the impact of capital financing, and implemented a moderate municipal property tax increase (2.00% residential and a 0.67% non-residential) and a Toronto Transit Commission (TTC) fare increase of 5 cents, which are in line with inflation.




2012 Budget

Major advancements in achieving fiscal sustainability were made in the 2012 Budget. By bringing expenses more in line with City revenues, City Council reduced the City's reliance on one-time revenues from $327 million to $102 million.

On January 17, 2012, City Council approved a balanced tax-supported 2012 Operating Budget of $9.4 billion and a 2012-2021 Capital Budget and Plan of $14.8 billion. The 2012 Operating Budget includes a 2.5 per cent property tax increase for residents, a 0.83 per cent tax increase for businesses and a 10-cent fare increase for TTC customers.

The 2012 Budget marks the first decline in gross expenditures since Toronto's amalgamation with a $20 million decrease.



2011 Budget

For 2011, Toronto City Council approved an Operating Budget that is balanced, includes no major service cuts, and does not include increases to property tax rates. The City's total 2011 budget for Operating, Capital and Rate Supported services is $13.326 billion.

The 2011 tax supported 2011 Operating Budget is $9.383 billion and is 38 per cent funded by property tax revenues totalling $3.579 billion. The budget maintained services at 2010 levels.

Estimates of capital spending for the tax supported 10-year 2011-2020 Capital Plan is a total of $12.755 billion. Capital expenditures to maintain and renew the City's substantive infrastructure total $7.270 billion, representing 57.4 per cent of the total 2011- 2020 Capital Budget and Plan.

 


budget cover 2010 Budget Summary

On April 15, 2010, Toronto City Council approved a 2010 Operating Budget of $9.2 billion that includes a 2.9% property tax increase for residents and a 0.967% property tax increase for businesses.

The budget reflects the 24-hour / seven-day role that City government plays in protecting residents and delivering services. Local government provides the services that have the greatest impact on quality of life. This is especially important as the City recovers from the challenges of the world-wide economic recession.

In December 2009, Council approved the City of Toronto's 2010-2019 Capital Budget and Plan, which was built on the foundation established by the 2009-2018 Capital Budget and Plan. The 10-Year Capital Budget and Plan totals $25.735 billion; $16.199 billion of which is allocated to Tax Supported Programs; and $9.536 billion or 37 per cent to Rate Supported Programs such as Toronto Water, Solid Waste Management Services and Toronto Parking Authority.




budget cover 2009 Budget Summary
PDF (6 MB)

On March 31, 2009, Toronto City Council approved an $8.7 billion Operating Budget. The 2009 Capital Budget is part of the $25.9 billion
10-year capital plan, previously approved in December 2008. In 2009,
City Council also approved a property tax increase of four per cent for residential properties and 1.33 per cent property tax levy increase for multi-residential and commercial properties.

The City’s 10-year Capital Plan and Forecast of $25.9 billion (including Toronto Water and Solid Waste) is expected to create or protect approximately 300,000 new jobs over 10 years. The Plan and Forecast focus on development, maintenance and/or improvement of City assets such as transit, roads, bridges, community centers and libraries.

 

City budget 2008 Homepage

On March 31, 2008, Toronto City Council approved an $8.2 billion Operating Budget. The 2008 Capital Budget of $1.610 billion was previously approved on December 10, 2007 as part of an $8.355 billion five-year capital plan (2008-2012). In 2008, City Council also approved a property tax increase of 3.75 per cent for single-family residential properties and 1.5 per cent increase for multi-residential and commercial properties.

Property taxes ($3.315 billion) fund 41 per cent of the City's operating budget. User fees and charges ($1.273 billion) and Provincial and Federal grants and subsidies ($1.973 billion) fund the balance.

The City's Capital Budget pays for construction and maintenance of roads, the purchase of transit vehicles, the building of major facilities, and the purchase of major equipment. The budget funds the maintenance and construction of City assets and infrastructure, which are needed to support service to residents and businesses.


2008 budget summary - cover
2008 Budget Summary
PDF (1.38 MB)


City budget 2007 Homepage
The 2007 Budget Summary highlights the City's improvement initiatives, service delivery levels, and cost/performance measures for each City of Toronto program.

On April 23, 2007, Toronto City Council approved a $7.8 billion Operating Budget and a $1.432 billion tax-supported Capital Budget. In 2007, City Council also approved a property tax increase of 3.8% for residential properties and 1.26% for non-residential properties.

The 2008 Operating Budget was approved by City Council on March 31, 2008. The Operating Budget protects existing services and contains important new investments in the City's highest priorities.

The 2008 Capital Budget and Four-Year Capital Plan (2009-2012) was approved by City Council on December 11, 2007. The Capital Budget supports the investment and re-investment in the City's infrastructure - our roads and bridges, public squares, libraries, parks, community centres and transit.

2007 Budget Book
2007 Budget Summary
PDF (1.38 MB)




City budget 2006 Homepage
City Council approved a $7.6 billion operating and $1.25 billion tax supported capital budget. In 2006, a 3.0% residential property tax increase and a 1.0% non-residential tax increase was also approved.

The City's 2006 budget includes funding for Community Safety, particularly for At-Risk Neighbourhoods as well as the "Clean & Beautiful Initiative", which is in its second year.


2006 Budget Book
2005 Final Report & 2006 Budget Summary



City budget 2005 Homepage
On March 1st, 2005, Toronto City Council approved a $7.1 billion Operating Budget and $1.0 billion Capital Budget. In 2005, City Council also approved a 3% property tax increase for residential properties and a 1.5% increase for non-residential properties.

The City's 2005 Budget provides funding for a "Clean and Beautiful" program, along with improvements to the City's transit systems.

2005 Budget Book
2005 Operating & Capital Budget Summary Book
PDF (1.38 MB)




City budget 2004 Homepage
City Council approved a $6.6 billion operating and $908 million tax supported capital budget that contains a 3% tax increase for residential and a 1.5% increase for non-residential properties.

2004 Budget Book
2004 Operating & Capital Budget Summary Book
PDF (1.55 MB)




City budget 2003 Homepage
City Council approved a $6.4 billion operating budget and a net tax levy of $2.85 billion. The result was a property tax increase of 3% for residential homeowners and no increase for non-residential properties. Council also approved a $965 million capital budget that for the most part maintains the City's assets in a state of good repair.

2003 Budget Book
2003 Operating & Capital Budget Summary Book
PDF (3.66 MB)

 


City budget 2002 Homepage
City Council approved the 2002 City budget which included a $6.2 billion operating budget and $954 million capital budget for a total of about $7.2 billion. The operating budget represents a 1.6 per cent increase over the 2001 operating budget. Toronto homeowners had a 4.3% property tax increase, or $79 per household on an average home valued at $261,000 while no increase was made to non-residential properties.



City budget 2001 Homepage
City Council approved a $6.1 billion tax-supported operating budget and a $1.120 billion tax-supported capital budget for the year 2001 with another $1.034 billion committed as project cash flow over four years for a total capital budget of $2.154 billion. The operating budget required a tax increase of 5% on homeowners and no increase for non-residential properties.

2001 Budget Book
2001 Operating & Capital Budget Summary Book
PDF (4.74 MB)


City budget 2000 Homepage
City Council approved a $5.9 billion operating budget that ensured a third consecutive year of a property tax freeze. The budget met all existing financial requirements to operate City services and enhanced several programs.

2000 Budget Book
2000 Operating & Capital Budget Summary Book
PDF (4.07 MB)


City budget 1999 Homepage
The 1999 operating budget of $5.5 billion harmonized many services city-wide and expanded others. Expanded services included the opening of four new community centres, increased hostel services for the homeless, the addition of 65 paramedics to improve advanced-level care, the hiring of 306 police officers, extended hours at most dental health clinics, and expanded services for the City's food inspection, needle exchange and tuberculosis programs. The Capital Budget Program gave priority to investing in City facilities and infrastructure.

1999 Budget Book
1999 Operating & Capital Budget Summary Book
PDF (2.09 MB)


City budget 1998 Homepage
City Council approved a 1998 operating budget of $5.6 billion and a capital budget of $1 billion for the newly amalgamated city. By holding operating expenditures at $5.6 billion, City Council froze 1998 property tax rates at 1997 levels - delivering a "zero tax increase" and maintaining city services and programs at existing levels.



 
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