Review of Toronto Water's Capital Program and
The City of Toronto is reviewing Toronto Water's Capital Program and funding sources.
City Council requests the Deputy City Manager and Chief Financial Officer, and the General Manager, Toronto Water, to report to Executive Committee in June 2013, in advance of Toronto Water’s 2014 Capital Budget submission, with a new financing strategy to support Toronto Water’s long term Capital Plan.
View City Council decision with full report:
Toronto Water Capital Program Funding Pressures and Financing Options.
In Summer 2012, the City held public information meetings at East York, Etobicoke, North York, and Scarborough Civic Centres to review the funding strategy for Water infrastructure.
View presentation at Public Information Meeting:
A Discussion of Challenges: Water Rate Pricing Structures and Capital Funding Deficiencies"
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2007 Water Rate Restructuring
At it's meeting on June 19, 20 and 22, 2007, Toronto City Council adopted a new water rate structure for the City of Toronto.
The new structure will move residents from the current seven-block rate structure to a one rate structure for all residents
beginning Janaury 1st, 2008.
A second rate for those accounts in the Industrial Tax class and meeting the required criteria will also be applied.
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More information on the 2008 Toronto Water Rates.
Toronto Water operations are governed by provincial and federal legislation, including the Municipal Act, 2001, the Sustainable Water and Sewage Systems Act, 2002, and the Safe Drinking Water Act, 2002.