Search results
Results from the WOW.Com Content Network
Revenue sources for the city's operational budget consist of transfers and subsidies from the provincial and federal governments ($1.944 B), user fees ($1.205 B) and withdrawals from the reserve fund ($0.5 B). Property taxes represent 42% of the budget ($3.221 B), which is referred to as the Net Operating Budget. [1]
In December 2024, city staff presented an update to city council regarding Metrolinx's communication of cost pressures and, as such, an inability to deliver the five-station proposal within the allotted program budget ($1.689 billion). [23]
The Toronto government debt is the amount of money the City of Toronto government has borrowed to finance capital expenditures. Under the City of Toronto Act, the Toronto government cannot run a deficit for its annual operating budget. [1] In addition, City Council has set the limit of debt charges not to exceed 15% of the property tax revenues ...
The role of the executive committee is to set the City of Toronto's priorities, manage financial planning and budgeting, labour relations, human resources, and the operation of City Council. The committee existed in the old City of Toronto beginning in 1969. Before that Toronto had a Board of Control, as did former cities North York and Etobicoke.
Under the City of Toronto Act, the Toronto government cannot run a deficit for its annual operating budget. [10] The city's revenues include 33% from property tax, 6% from the land transfer tax, subsidies from the Canadian federal government and the Ontario provincial government , and the rest from other revenues and user fees.
The board comprises seven members, three appointed by the Province of Ontario and four by the City of Toronto. Three civilian members are appointed by the province and one by the city; two city councillors and the mayor of Toronto as the head of council sit on the board. A chair (presently Ann Morgan) and vice-chair are elected from its membership.
May 16, 2024: Ward 15 Don Valley West councillor Jaye Robinson dies. [11] June 26, 2024: The council seat for Ward 15 Don Valley West is formally declared vacant and a by-election is called. [12] November 4, 2024: Former Toronto District School Board trustee Rachel Chernos Lin is elected in the Ward 15 by-election. [13]
report by the City of Toronto. [85] Metrolinx has also noted the potential of an extension to the airport, albeit noting that this is an unfunded proposal. [12] In May 2021, Toronto City Council discussed a potential 2.5-kilometre (1.6 mi) extension south from Humber College to a new GO Transit station on the Kitchener line. [90]