RecoveryTO: A Well-Run City & City Finances

Related Announcements

• City welcomes the public and office staff back to fully reopened City buildings (March 2022)
• In keeping with public health guidance issued by the Province of Ontario, visitors at most City facilities will no longer be required to wear a mask beginning March 21, 2022 (March 2022)
• City Council and committee meetings transition to hybrid model with open public galleries starting March 22 (March 2022)
• Select in-person counter services reopened at Toronto City Hall and civic centres on February 22 (February 2022)
• Most City-operated museums are now open and offer guided HistoricTO tours and some activities. Colborne Lodge and Mackenzie House remain temporarily closed (February 2022)
• City Council approves its 2022 Operating and Capital Budgets that continue to respond to the COVID-19 pandemic challenges, while prioritizing initiatives that support economic recovery and environmental and social responsibility (February 2022)
• The City launches its new digital payment platform, MyTorontoPay, which allows residents and businesses to make property tax and utility payments to the City through a secure online platform (February 2022)
• Toronto residents can now connect to 311 Toronto through the new 311 mobile app. The app allows users to submit concerns through the self-serve platform and to chat live online with a 311 operator (January 2022)
• The City has issued a new green debenture for $150 million to help finance approved key capital projects for Solid Waste Management Services, Toronto Community Housing Corporation, TTC, and Waterfront Revitalization (December 2021)
• The City of Toronto has issued its fourth debenture this year for $200 million to help fund key capital projects (November 2021)
• DBRS Morningstar has confirmed the City of Toronto’s AA credit rating with a stable outlook on the City’s issuer rating and long-term debt for the 19th consecutive year (October 2021)
• City issues an additional $100 million social bond to help finance critical capital projects that enhance social outcomes (September 2021)
• Moody’s Investors Service has reaffirmed the City of Toronto’s credit rating of Aa1 with a stable economic outlook (August 2021)
• The City issued a new debenture for $350 million to help finance key capital projects (April 2021)
• The City received Diversio Certification for commitment to Equity, Diversity and Inclusion in the workplace (April 2021)

Reports to Council

• Toronto City Council has adopted the Digital Infrastructure Strategic Framework, which will guide the City’s technology-related decisions to more effectively respond to opportunities and challenges in the City’s delivery of services and programs
• Toronto City Council has approved a 15 per cent property tax reduction for eligible small businesses for the 2022 tax year
• City Council approved the next implementation phase of its City-Wide Real Estate Transformation and the continued advancement of strategic real estate activities and service functions
• City’s Auditor General outlines 2022 Work Plan
• Executive Committee adopted measures related to Affordable Internet Connectivity for All – ConnectTO, to leverage municipal broadband to bring access to affordable high-speed internet for all Toronto residents and businesses, especially those who are vulnerable and underserved by digital infrastructure
• Staff reported on the City’s Workplace Modernization Program Business Case and Implementation Plan
• Toronto City Council authorized City staff to enter into a contractual agreement with PayIt Digital Government Inc. (PayIt) for the provision of digital services with payments

Search other reports to City Council for more information

• Executive Committee
• General Government and Licensing Committee

 

Equity & Reconciliation Initiatives

• Toronto’s adopted its first Reconciliation Action Plan in April 2022, building on the City’s existing commitments to Indigenous Peoples in Toronto. The Reconciliation Action Plan sets out 28 meaningful actions to restore truth and justice, addresses the colonial practices within City policies and programs, and will impact the whole of Toronto’s government
• New North York community recreation centre and library to be named Ethennonnhawahstihnen’ in celebration of the Huron-Wendat Nation. Pronounced Etta-nonna wasti-nuh, the Wendat word means “where they had a good, beautiful life”
• The City applied an equity and reconciliation lens to the 2022 Operating Budget to identify and address barriers that may be experienced by Indigenous, Black and equity-seeking communities. All 2022 operating budget enhancements and reductions were reviewed by an external review panel which received presentations from select divisions and agencies whose proposed budget changes have equity impacts
• The Confronting Anti-Black Racism Advisory Committee is exploring the feasibility of a financial structure that may be developed to support members of the Black community to own property in Little Jamaica
• Two new City Council Advisory Committees held their first meetings: the Two-Spirit, Lesbian, Gay, Bisexual, Transgender and Queer Advisory Committee and the Confronting Anti-Black Racism Advisory Committee

Partnerships & Intergovernmental Updates

• The Province of Ontario, through its 2021 Fall Economic Outlook and Fiscal Review, announced $345 million in province-wide assistance to municipal public transit systems in 2021–22, to help cover shortfalls resulting from lower ridership and other transit impacts and also to cover year-over-year declines in Provincial Gas Tax revenue. Toronto’s allocation is not yet known (November 2021)
• In March 2021, the Province announced a further $350 million in Safe Restart Agreement (SRA) and Social Services Relief Fund (SSRF) funding for the City of Toronto. A series of further non-SRA/SSRF related funding has also been committed to the City for both 2020 and 2021 COVID-19 related financial impacts
• The Province provided support to large municipalities through the Audit and Accountability Fund to support initiatives related to increasing digital services, modernization, streamlining and service integration
• The Province announced an additional $307 million to help municipalities and Indigenous community partners deliver critical services, including $114 million allocated to the City of Toronto in August 2021
• In October 2021, the Province extended the application of emergency orders passed under the Reopening Ontario Act, including the “Work deployment measures for municipalities” regulation until November 16, 2021

Data & Trends

MBNCanada

Allows users to review the report results of a range of municipal services areas collected on an annual basis by the City of Toronto in partnership with other Canadian municipalities

Toronto’s Dashboard

Allows users to find information to assess economic trends and directions of key indicators for Toronto as a whole and for City of Toronto services

Open Data

The Open Data Portal is the official source for Toronto open data from City Divisions and agencies, including on mobility, development and infrastructure. It allows users to explore datasets through data visualizations, data stories, blog articles and more