The Policy and Finance Committee was replaced by a new governance structure as of December 1, 2006.

Contact: City Clerk's Office 12th floor, West Tower, City Hall 100 Queen Street West Toronto, ON  M5H 2N2 clerk@toronto.ca

The Policy and Finance Committee was responsible for setting financial priorities and recommending the annual budget. It monitored budget performance and recommended in-year changes to vary City spending from the approved annual budget.

The former Budget Advisory Committee assisted the Policy and Finance Committee by co-ordinating the preparation of the annual capital and operating budget and reviewed other matters having a significant impact on a future budget.

The Policy and Finance Committee, in addition to the financial mandate noted above, was responsible for:

• the corporate strategic plan
• corporate intergovernmental and international activities
• annual budgets of the City's Agencies, Boards and Commissions (ABCs)
• tax policies
• matters cutting across different Departments and ABCs