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The 2022–2026 Toronto City Council term is the present term of ... 2024: Former Toronto District School Board trustee Rachel Chernos Lin is ... Budget Committee
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.
Toronto City Council is the governing body of the municipal government of Toronto, ... Budget Committee: ... 2024. [19] The by-election ...
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]
Rank Name Level of government Total expenditure Per-capita expenditure Fiscal year Source 1 Canada: Federal 338,500,000,000 2018-19 [1]2 Ontario: Provincial
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]
In November 2023, Toronto City Council voted unanimously to endorse the expansion of the service. [19] The program was launched city-wide by Mayor Chow on September 26, 2024. [20] The service will operate with 12 mobile teams of two crisis workers, with the targeted average response time being 25 minutes. [21]