Search results
Results from the WOW.Com Content Network
The 2022–2026 Toronto City Council term is the present term of Toronto City Council. ... (2022–2024) Died in office on May 16, 2024. ... Budget Committee [15] Chair
On June 14, 2023, the deputy mayor advised the council that negotiations led to the province providing a funding subsidy such that the revised program budget was now $1.689 billion, with $878 million from the City of Toronto, $585 million from the Government of Canada, and $226 million from the Province of Ontario. [22]
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 ...
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 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.
Previously, the power to set the budget was a function of city council, which was assigned to the Budget Committee, allowing the mayor to exercise significant influence on the budget process. [6] The power to draft the annual city budget is now assigned to the mayor. The mayor proposes the budget to council, which can adopt it or propose ...
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]
With a gross annual operating budget in 2022 of 481.9 million, [1] and a 10-year capital budget of $2.7 billion, the division operates 1473 named parks, 839 sports fields, 137 community centres, nearly 670 other recreational facilities, and is also responsible for the city's over 3 million trees. PF&R employs over 4,000 permanent and temporary ...