On February 12, Toronto City Council approved a 2018 tax-supported operating budget of $11.12 billion and a 10-year capital budget and plan of $25.98 billion.
On February 16, City Council approved a 2017 tax-supported operating budget of $10.5 billion and a 10-year capital budget and plan of $26.5 billion.
On February 17, City Council approved a 2016 tax supported operating budget of $10.1 billion and a 10-year capital budget and plan of $21 billion.
On March 11, 2015, City Council approved the tax and rate supported 2015 operating budget of $11.4 billion and 2015-2024 capital budget and plan of $31.7 billion.
Toronto City Council approved a balanced 2014 Tax Supported Operating Budget of $9.6 billion and 10-Year Capital Budget and Plan of $18.6 billion that makes significant investments in key strategic priorities for the City’s future. The Budget continues to strengthen the City’s fiscal health and for the second year in a row, the Budget was balanced without the use of the prior year’s surplus.
The 2014 Operating Budget included a 2.23 per cent property tax increase for residential properties. Included in the increase is dedicated funding (0.5 per cent increase) for construction of the new Scarborough Subway.
As part of its overall strategy to enhance Toronto’s business climate, the City continues to reduce its tax rates for commercial, industrial and multi-residential. This will result in an additional 0.48 per cent for residential properties to make the total tax increase 2.71 per cent. The total average increase for non-residential properties, which include rental apartment buildings, is 0.30 per cent.
Budgets prior to 2014
If you require access to budget files prior to 2014, please contact Alex Mozo at 416-397-5226 or Alex.Mozo@toronto.ca.
The budget documents contain a number of pictures, charts, graphs and tables. If you have difficulty viewing these documents or require a more detailed explanation, please contact Alex Mozo at 416-397-5226 or Alex.Mozo@toronto.ca.